Ethereum Classic / Euro may rise to 27.05 - 27.50

Our pivot point is at 25.53.

Our preference

Rebound towards 27.50.

Alternative scenario

Below 25.53, expect 24.76 and 24.31.

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 (26.11) but under its 50 period moving average (26.43).

Supports and resistances

28.42 **

27.96 *

27.50 **

27.05

26.13 last

25.83

25.53 **

24.76 *

24.31 **

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