9.18 is our pivot point.
Our preference: the upside prevails as long as 9.18 is support.
Alternative scenario: the downside breakout of 9.18 would call for 9.01 and 8.91.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 9.06 and 8.95). Finally, the Ethereum Classic / Dollar is trading above its upper Bollinger band (standing at 9.31).
Supports and resistances:
9.71 *
9.61 **
9.51
9.31 last
9.18 **
9.01 *
8.91 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-06-2026 at 06:08 UTC+1
Price reference: 9.31 last known on 05-06-2026 at 06:08 UTC+1
Investment horizon: INTRADAY
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