Ethereum Classic / Dollar may rise to 30.09 - 30.60

28.38 is our pivot point.

Our preference

Rebound towards 30.60.

Alternative scenario

The downside breakout of 28.38 would call for 27.52 and 27.

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 above its 20 period moving average (29.02) but under its 50 period moving average (29.27).

Supports and resistances

31.63 **

31.12 *

30.60 **

30.09

29.06 last

28.72

28.38 **

27.52 *

27.00 **

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