Ethereum Classic / Euro may rise to 20.78 - 21.07

Our pivot point stands at 19.81.

Our preference

Rebound towards 21.07.

Alternative scenario

The downside breakout of 19.81 would call for 19.32 and 19.03.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (20.16) but under its 50 period moving average (20.43).

Supports and resistances

21.65 **

21.36 *

21.07 **

20.78

20.20 last

20.00

19.81 **

19.32 *

19.03 **

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