Ethereum Classic / Dollar may rise to 22.37 - 23.74

17.37 is our pivot point.

Our preference

Our next up target stands at 23.74.

Alternative scenario

The downside breakout of 17.37 would call for 15.14 and 13.81.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.02 and 18.64).

Supports and resistances

26.47 **

25.10 *

23.74 **

22.37

19.27 last

18.25

17.37 **

15.14 *

13.81 **

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