Ethereum Classic / Euro may rise to 27.71 - 28.18

Our pivot point stands at 26.10.

Our preference

Rebound towards 28.18.

Alternative scenario

Below 26.10, expect 25.32 and 24.85.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (26.67) but under its 50 period moving average (26.85).

Supports and resistances

29.11 **

28.65 *

28.18 **

27.71

26.72 last

26.41

26.10 **

25.32 *

24.85 **

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