Ethereum Classic / Euro may rise to 29.72 - 30.25

Our pivot point stands at 27.93.

Our preference

Rebound towards 30.25.

Alternative scenario

The downside breakout of 27.93 would call for 27.04 and 26.50.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 28.70 and 29.17).

Supports and resistances

31.32 **

30.79 *

30.25 **

29.72

28.64 last

28.28

27.93 **

27.04 *

26.50 **

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