Ethereum Classic / Euro may rise to 17.25 - 17.42

Our pivot point stands at 16.68.

Our preference

Rebound towards 17.42.

Alternative scenario

The downside breakout of 16.68 would call for 16.39 and 16.22.

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 (16.88) but under its 50 period moving average (16.95).

Supports and resistances

17.76 **

17.59 *

17.42 **

17.25

16.91 last

16.79

16.68 **

16.39 *

16.22 **

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