Ethereum Classic / Euro may rise to 17.03 - 17.20

16.47 is our pivot point.

Our preference

The upside prevails as long as 16.47 is support.

Alternative scenario

Below 16.47, expect 16.19 and 16.02.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 16.59 and 16.63).

Supports and resistances

17.54 **

17.37 *

17.20 **

17.03

16.70 last

16.58

16.47 **

16.19 *

16.02 **

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