$ETC Price Analysis – Daily Update
Current Price: $19.62 (+1.19%)
Ethereum Classic (ETC) has shown moderate gains over the past day, rising by 1.19% to reach $19.62. The chart reflects steady price movements with a recent high at $19.81, indicating consistent buying interest but also some volatility in the market.
Key Technical Indicators:
1. Trend: ETC has experienced an up-and-down pattern, reaching higher lows, which suggests underlying bullish momentum despite occasional pullbacks.
2. Support & Resistance Levels:
• Immediate Resistance: The recent peak at $19.81 is a key resistance level. A breakout above this level could further strengthen the bullish sentiment.
• Immediate Support: Around $19.15, where the price found stability, acting as a strong support if the price pulls back.
3. Momentum: The 1.19% increase shows modest positive momentum. The minor pullbacks and rebounds indicate healthy market activity, with buyers stepping in during dips.
Technical Outlook
If $ETC can break past the $19.81 resistance, it could open the path for further gains. However, if it encounters resistance, a pullback to the $19.15 support level may provide a base for potential consolidation before the next upward push.
Ethereum Classic is exhibiting moderate bullish sentiment, with potential for additional gains if it can surpass the $19.81 resistance. Traders should keep an eye on the resistance and support levels to gauge the next move for ETC #BinanceBlockchainWeek #USJoblessClaimsDip #CryptoPreUSElection #EthereumPectraUpgrade