Ethereum Classic / Euro may rise to 22.42 - 22.73

21.38 is our pivot point.

Our preference

Rebound towards 22.73.

Alternative scenario

The downside breakout of 21.38 would call for 20.86 and 20.55.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 21.81 and 21.87).

Supports and resistances

23.35 **

23.04 *

22.73 **

22.42

21.79 last

21.59

21.38 **

20.86 *

20.55 **

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