Ethereum Classic / Dollar may rise to 32.37 - 32.96

Our pivot point is at 30.36.

Our preference

Rebound towards 32.96.

Alternative scenario

The downside breakout of 30.36 would call for 29.38 and 28.80.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 31.19 and 31.61).

Supports and resistances

34.12 **

33.54 *

32.96 **

32.37

31.13 last

30.75

30.36 **

29.38 *

28.80 **

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