Ethereum Classic / Euro may fall to 25.64 - 26.11

Our pivot point is at 27.68.

Our preference

Under pressure below 27.68.

Alternative scenario

The upside breakout of 27.68, would call for 28.47 and 28.95.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 27.17 and 27.11).

Supports and resistances

28.95 **

28.47 *

27.68 **

27.37

27.06 last

26.11

25.64 **

25.17 *

24.69 **

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