The RNA can be preserved at -70 degree deep freezer....you can store RNA in DEPC water, ethanol, or even formamide .....if you are dissolving in DEPC water...you can also add some RNAse inhibitor to take care of some residual RNAse contamination..
Better to preserve in RNase free free ultra free pure water rather than ethanol in -80. (-72 is also fine worked in my case). If ethanol freezes or starts to form icy things, your pellet wont be visible. (This is for short term use and works fine up to 3 weeks).