Ethereum Classic / Euro may rise to 16.93 - 17.10

Our pivot point is at 16.37.

Our preference

Rebound towards 17.10.

Alternative scenario

Below 16.37, expect 16.09 and 15.92.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (16.59) but under its 50 period moving average (16.62).

Supports and resistances

17.43 **

17.26 *

17.10 **

16.93

16.59 last

16.48

16.37 **

16.09 *

15.92 **

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