$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