Ethereum Classic / Euro may rise to 27.61 - 28.07

Our pivot point stands at 26.06.

Our preference

Rebound towards 28.07.

Alternative scenario

The downside breakout of 26.06 would call for 25.28 and 24.81.

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 (26.67) but under its 50 period moving average (26.82).

Supports and resistances

29.01 **

28.54 *

28.07 **

27.61

26.68 last

26.37

26.06 **

25.28 *

24.81 **

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