Ethereum Classic / Euro may rise to 20.64 - 22.24

Our pivot point stands at 15.17.

Our preference

Rebound towards 22.24.

Alternative scenario

The downside breakout of 15.17 would call for 12.51 and 10.93.

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 17.41 and 19.30).

Supports and resistances

25.44 **

23.84 *

22.24 **

20.64

17.35 last

16.22

15.17 **

12.51 *

10.93 **

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