Ethereum Classic / Dollar may rise to 24.24 - 24.58

Our pivot point stands at 23.10.

Our preference

Rebound towards 24.58.

Alternative scenario

The downside breakout of 23.10 would call for 22.52 and 22.18.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23.57 and 23.80).

Supports and resistances

25.27 **

24.93 *

24.58 **

24.24

23.56 last

23.32

23.10 **

22.52 *

22.18 **

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