Ethereum Classic / Euro may rise to 28.37 - 28.85

26.78 is our pivot point.

Our preference

The upside prevails as long as 26.78 is support.

Alternative scenario

The downside breakout of 26.78 would call for 25.98 and 25.50.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 27.18 and 27.19).

Supports and resistances

29.81 **

29.33 *

28.85 **

28.37

27.42 last

27.10

26.78 **

25.98 *

25.50 **

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