Ethereum Classic / Euro may rise to 16.87 - 17.04

Our pivot point stands at 16.32.

Our preference

Rebound towards 17.04.

Alternative scenario

Below 16.32, expect 16.03 and 15.87.

Comment

The RSI is below its neutrality area at 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 16.55 and 16.67).

Supports and resistances

17.37 **

17.20 *

17.04 **

16.87

16.54 last

16.43

16.32 **

16.03 *

15.87 **

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