Ethereum Classic / Euro may rise to 22.91 - 23.21

21.85 is our pivot point.

Our preference

The upside prevails as long as 21.85 is support.

Alternative scenario

The downside breakout of 21.85 would call for 21.35 and 21.04.

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 22.04 and 21.97). Finally, the Ethereum Classic / Euro is trading above its upper Bollinger band (standing at 22.24).

Supports and resistances

23.82 **

23.51 *

23.21 **

22.91

22.30 last

22.05

21.85 **

21.35 *

21.04 **

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