Ethereum Classic / Euro may rise to 17.45 - 17.62

16.88 is our pivot point.

Our preference

Rebound towards 17.62.

Alternative scenario

Below 16.88, expect 16.59 and 16.41.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 17.11 and 17.14).

Supports and resistances

17.97 **

17.80 *

17.62 **

17.45

17.11 last

16.99

16.88 **

16.59 *

16.41 **

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