Ethereum Classic / Dollar may rise to 24.71 - 25.04

Our pivot point stands at 23.59.

Our preference

As long as 23.59 is support look for 25.04.

Alternative scenario

The downside breakout of 23.59 would call for 23.02 and 22.68.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (24.08) but above its 50 period moving average (23.84).

Supports and resistances

25.72 **

25.38 *

25.04 **

24.71

24.03 last

23.81

23.59 **

23.02 *

22.68 **

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