Ethereum Classic / Euro may fall to 22.63 - 23.01

Our pivot point stands at 24.26.

Our preference

Under pressure below 24.26.

Alternative scenario

The upside breakout of 24.26, would call for 24.89 and 25.26.

Comment

The RSI is below 50. The MACD is below its signal line and positive. 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 23.80 and 23.78).

Supports and resistances

25.26 **

24.89 *

24.26 **

24.01

23.76 last

23.01

22.63 **

22.26 *

21.88 **

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