Ethereum Classic / Euro may rise to 22.70 - 23.01

Our pivot point stands at 21.65.

Our preference

Rebound.

Alternative scenario

Below 21.65, expect 21.12 and 20.80.

Comment

The RSI is above its neutrality area at 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 (22.04) but under its 50 period moving average (22.07).

Supports and resistances

23.64 **

23.33 *

23.01 **

22.70

22.07 last

21.86

21.65 **

21.12 *

20.80 **

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