Ethereum Classic / Euro may rise to 22.67 - 22.97

Our pivot point stands at 21.67.

Our preference

Rebound.

Alternative scenario

The downside breakout of 21.67 would call for 21.16 and 20.86.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (21.91) but under its 50 period moving average (22.13). Finally, the Ethereum Classic / Euro is trading above its upper Bollinger band (standing at 22.04).

Supports and resistances

23.57 **

23.27 *

22.97 **

22.67

22.07 last

21.87

21.67 **

21.16 *

20.86 **

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