Ethereum Classic (ETC) Eyeing bullish breakout due to current support level.

Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • ETC prices are in a position to recover the price falls bulls are coming back in the market game
  • Prices are about to conquer the significant price level of $ 4.80, which can turn out to be a key moment in the price recovery period.

ETC can still feel the resistance level of $5.00. If prices manage to overcome it, there will be a heavy dominance of bulls. However, the ETC/BCH pair is performing negatively with a loss of -4.06 bringing the levels to 0.00082035.

Ethereum is getting ready for the next break  

In the past few days, ETC traded mostly below the range of $4.80 but today, it acquires this crucial level and currently trying to reach the major hurdle of $5.00.

Currently, ETC is surfing the tides with the strong support of  $4.00. If prices want to cross the crucial level of $5.00 they also need the precious support of $4.50 and current data shows that odds are in favor of crypto assets.

ETC’s market capitalization is $55,251,286 USD with volume traded of $1,414,510,114 USD and circulating supply of 116,313,299.

ETC 1


In the technical chart, prices are about to enter the less bullish zone showing that prices are in a position to make a comeback. Currently, prices are a point that can either make them or break them.

The technical Indicators are in the favor of ETC prices as they are in bullish momentum.

The MACD level shows the dominance of buying volume in the crypto asset.

RSI is significantly moving towards the highest level with positive divergence.

Resistance Level: $ 5.00
Support Level: $ 4.50 and $4.00

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