Ethereum Classic / Euro may rise to 36.85 - 40.63

Our pivot point is at 24.32.

Our preference

The upside prevails as long as 24.32 is support.

Alternative scenario

Below 24.32, expect 17.97 and 14.20.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 26.87 and 26.22).

Supports and resistances

48.18 **

44.40 *

40.63 **

36.85

29.30 last

26.81

24.32 **

17.97 *

14.20 **

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