Ethereum Classic / Dollar may fall to 24.20 - 24.61

25.97 is our pivot point.

Our preference

Under pressure below 25.97.

Alternative scenario

The upside breakout of 25.97, would call for 26.66 and 27.07.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 25.46 and 25.47).

Supports and resistances

27.07 **

26.66 *

25.97 **

25.70

25.43 last

24.61

24.20 **

23.79 *

23.38 **

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