Ethereum Classic / Dollar may rise to 25.07 - 25.46

23.77 is our pivot point.

Our preference

Rebound towards 25.46.

Alternative scenario

The downside breakout of 23.77 would call for 23.11 and 22.72.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 24.50 and 25.04).

Supports and resistances

26.24 **

25.85 *

25.46 **

25.07

24.28 last

24.03

23.77 **

23.11 *

22.72 **

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