Ethereum Classic / Euro may fall to 25.87 - 26.38

28.23 is our pivot point.

Our preference

The downside prevails as long as 28.23 is resistance.

Alternative scenario

Above 28.23, look for 29.10 and 29.61.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 27.56 and 27.64).

Supports and resistances

29.61 **

29.10 *

28.23 **

27.90

27.40 last

26.38

25.87 **

25.36 *

24.85 **

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