Ethereum Classic / Euro may rise to 24.70 - 25.08

Our pivot point stands at 23.45.

Our preference

Rebound towards 25.08.

Alternative scenario

Below 23.45, expect 22.81 and 22.43.

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 (23.90) but under its 50 period moving average (24.17).

Supports and resistances

25.84 **

25.46 *

25.08 **

24.70

23.95 last

23.70

23.45 **

22.81 *

22.43 **

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