Ethereum Classic / Euro may fall to 27.85 - 28.40

Our pivot point stands at 30.25.

Our preference

Under pressure below 30.25.

Alternative scenario

Above 30.25, look for 31.18 and 31.73.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 29.55 and 29.53).

Supports and resistances

31.73 **

31.18 *

30.25 **

29.89

29.50 last

28.40

27.85 **

27.30 *

26.75 **

Number of asterisks represents the strength of support and resistance levels.