Ethereum Classic / Euro may fall to 27.16 - 27.69

Our pivot point stands at 29.47.

Our preference

Under pressure below 29.47.

Alternative scenario

Above 29.47, look for 30.37 and 30.90.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 28.95 and 28.82).

Supports and resistances

30.90 **

30.37 *

29.47 **

29.12

28.76 last

27.69

27.16 **

26.62 *

26.09 **

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