Ethereum Classic / Dollar may rise to 26.30 - 26.71

24.94 is our pivot point.

Our preference

The upside prevails as long as 24.94 is support.

Alternative scenario

The downside breakout of 24.94 would call for 24.24 and 23.83.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25.35 and 25.43).

Supports and resistances

27.53 **

27.12 *

26.71 **

26.30

25.48 last

25.21

24.94 **

24.24 *

23.83 **

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