The Ethereum Classic (ETC) price prediction could set a bullish run if the market can attempt to climb back above $40.
Ethereum Classic (ETC) Prediction Statistics Data:
- ETC price now – $36
- ETC market cap – $5 million
- ETC circulating supply – 136.8 million
- ETC total supply – 210.7 million
- ETC Coinmarketcap ranking – #17
ETC/USD Market
Key Levels:
Resistance levels: $45, $50, $55
Support levels: $25, $20, $15
Your capital is at risk
At the time of writing, ETC/USD is running a little retracement move towards $38 with price growth of 5.75%. For the fact that the coin is recording some gain, the Ethereum Classic price may follow a bullish movement within the channel. Therefore, traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.
Ethereum Classic Trades Green, Tamadoge More Preferable
If the Ethereum Classic price stays below the 9-day moving average, the market price may slide back towards the lower boundary of the channel. But if the price keeps respecting the upward movement, traders can then expect a bullish continuation above the 9-day moving average. Meanwhile, as the technical indicator Relative Strength Index (14) is seen moving above 50-level, the possible resistance levels could be found at $45, $50, and $55 in the long term.
More so, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, ETC/USD is still trading on average in the short term. Inversely, a bearish extension could roll the coin back to the long-term support at $25, $20, and $15 levels.
When compares with Bitcoin, Ethereum Classic continues to follow the sideways movement but trading within the 9-day and 21-day moving averages. In case of a trend reversal, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Ethereum Classic (ETC) is trading around the 1830 SAT. Therefore, traders can expect close support at 1300 SAT and below.
However, if a bullish move occurs and validates a break significantly above the 9-day moving average to hit the nearest resistance at 1900 SAT; traders can then confirm a bull run for the coin. Moreover, the closest resistance lies at 2400 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 60-level, suggesting a bullish movement.
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