Ethereum Classic Over 4-hour Chart … In contrast, new support on lower levels is $39.40 and $28.70. More so, the price is floating within the channel formation and has crossed above the 9-day and 21-day moving averages. Now, as ETC coin is moving lowers it is crucial to identify strong support levels. ETC has been following an ascending support line since November 2018 and has validated it four times since. A trader had identified ETC coin on an upward trend earlier; however, amidst the market dip, the cryptocurrency failed to uphold its upward trajectory. These new support levels set the stage for another move higher. Ethereum Classic looks to have broken above an area where it previously found resistance, and has since been flying. The following are critical support and resistance levels and pivot point calculated by Walletinvestor. Ethereum classic price after facing strong selling pressure is now trying to recover from the lower levels while facing the resistance of fib 0.382The No Result View All Result Support levels: $28, $26, $24. However, the volume activity seems normal in line with the average line. A breakdown of the demand zone’s lower boundary at $48.82 will kick-start an ETC bearish run. Traders may want to see Ethereum Classic make a correction before thinking about an entry to avoid the chance of getting caught near the top. Somehow no primary resistance is situated at higher levels to consider $60 and $65 as psychological barriers. Key Levels To Watch. ETCUSD – Daily Chart. Ethereum Classic bulls were rejected around the $36.49 level and the coin dropping to $34.11 since the market opens today. Key Levels: Resistance levels: $40, $42, $44. Ethereum Classic Long-Term Support Levels. Ethereum Classic (ETC) Technical Analysis. This indicates bullish sentiment throughout the recent months. A breakdown of the demand zone’s lower boundary at $48.82 will kick-start an ETC bearish run. It happens because of seller’s remorse. It covers the three most important resistance and support levels: Resistance Level (R3): 22.793; Resistance Level (R2): 22.108; Ethereum Classic (ETC), a sibling of the Ethereum blockchain’s native cryptocurrency, could see steady demand until the end of the third quarter, according to David Grider, a strategist at investment research firm FundStrat. Traders may want to see Ethereum Classic make a correction before thinking about an entry to avoid the chance of getting caught near the top. ETC has almost doubled during the past week alongside other altcoins and bitcoin lagged. Since April 2020, ETC has also made several breakout attempts above the $7.50 resistance area, which is the 0.382 Fib retracement level of the most recent downward move. Ethereum Classic Long-Term Support Levels ETC has been following an ascending support line since November 2018 and has validated it four times since. The MRI has printed a preemptive top signal, suggesting a reversal might arrive shortly. Key Levels To Watch. Ethereum Classic previously saw resistance near the $45 level, until earlier this week it was able to cross above the level. The crypto is trading above both the 50-day moving average (green) as well as the 200-day moving average (blue). Ethereum bulls are struggling to push the coin past $240 as the bears are getting the upper hand as indicated by the flattening out of the 20-day EMA as well as the RSI, which is past the 50 levels. Due to the creation of a bullish pattern and breakout from a short-term descending resistance line, Ethereum Classic is expected to move upwards toward resistance levels. Investors who sold Ethereum at the $1,950 resistance levels believe they made the […] The Ethereum Classic (ETC) price is trading just above the $5.70 area, a level that has turned to support after ETC broke out above it. Ethereum Classic price faces multiple resistance levels, keeping it from climbing higher. Since April 2020, ETC has also made several breakout attempts above the $7.50 resistance area, which is the 0.382 Fib retracement level of the most recent downward move. When stocks or cryptocurrencies are in rally mode, levels that had been resistance convert into support levels. Ethereum Classic price faces multiple resistance levels, keeping it from climbing higher. The MRI has printed a preemptive top signal, suggesting a reversal might arrive shortly. The chart of Ethereum (CRYPTO:ETH) illustrates an important market dynamic. Ethereum Classic Daily Chart Analysis. Even the most optimistic Ethereum Classic price prediction analysts do not see it hitting this range any time soon. Ethereum Classic price faces multiple resistance levels, keeping it from climbing higher. The MRI has printed a preemptive top signal, suggesting a reversal might … Ethereum Classic previously saw resistance near the $45 level, until earlier this week it was able to cross above the level. The trader has identified the price level at $80 as strong support for ETC. Bitcoin rose just 0.65% during the same period. Ethereum price could sink to $196 if the bulls fail to break the $240 resistance level.
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