Ethereum Classic / Euro may rise to 17.62 - 17.79

Our pivot point stands at 17.05.

Our preference

Rebound.

Alternative scenario

The downside breakout of 17.05 would call for 16.76 and 16.59.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (17.18) but below its 50 period moving average (17.35).

Supports and resistances

18.13 **

17.96 *

17.79 **

17.62

17.27 last

17.16

17.05 **

16.76 *

16.59 **

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