Ethereum Classic / Euro may fall to 25.72 - 26.23

Our pivot point stands at 28.03.

Our preference

The downside prevails as long as 28.03 is resistance.

Alternative scenario

Above 28.03, look for 28.88 and 29.39.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 28.01 and 28.13).

Supports and resistances

29.39 **

28.88 *

28.03 **

27.69

27.35 last

26.23

25.72 **

25.22 *

24.71 **

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