Ethereum Classic / Euro may rise to 28.86 - 29.38

Our pivot point is at 27.14.

Our preference

Rebound.

Alternative scenario

Below 27.14, expect 26.27 and 25.75.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (27.60) but below its 50 period moving average (27.95).

Supports and resistances

30.41 **

29.89 *

29.38 **

28.86

27.82 last

27.48

27.14 **

26.27 *

25.75 **

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