Ethereum Classic / Euro may rise to 29.07 - 29.59

Our pivot point is at 27.34.

Our preference

The upside prevails as long as 27.34 is support.

Alternative scenario

Below 27.34, expect 26.47 and 25.94.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 27.79 and 27.92).

Supports and resistances

30.64 **

30.12 *

29.59 **

29.07

28.03 last

27.69

27.34 **

26.47 *

25.94 **

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