Ethereum Classic / Euro may rise to 29.79 - 30.32

Our pivot point stands at 28.01.

Our preference

Rebound towards 30.32.

Alternative scenario

The downside breakout of 28.01 would call for 27.12 and 26.58.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (28.69) but below its 50 period moving average (29.07).

Supports and resistances

31.39 **

30.86 *

30.32 **

29.79

28.72 last

28.37

28.01 **

27.12 *

26.58 **

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