Ethereum Classic / Euro may rise to 27.60 - 28.09

Our pivot point is at 25.95.

Our preference

Rebound towards 28.09.

Alternative scenario

The downside breakout of 25.95 would call for 25.12 and 24.63.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 26.67 and 26.83).

Supports and resistances

29.08 **

28.59 *

28.09 **

27.60

26.61 last

26.28

25.95 **

25.12 *

24.63 **

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