Ethereum Classic / Euro may fall to 23.47 - 23.91

Our pivot point is at 25.34.

Our preference

The downside prevails as long as 25.34 is resistance.

Alternative scenario

The upside breakout of 25.34, would call for 26.07 and 26.50.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 24.92 and 24.90).

Supports and resistances

26.50 **

26.07 *

25.34 **

25.06

24.77 last

23.91

23.47 **

23.04 *

22.61 **

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