Ethereum Classic (ETC) Maintains Sustainability Above The Level Of $5.10 

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 positive position and it did acquire a resistance level of $5.10.
  • Prices also crossed the significant price level of $ 5.50 which was a major resistance level and made prices suffer last time.ETC is now priming up to go against the resistance level of $5.20 once again.
  •  ETC/BCH pair is suffering a loss of  -6.00% due to this loss the BTC/BCh pair reached level of  0.00076196
  • Recently ETC traded with heavy volatility in the prices, its about time that prices are again rising to acquire the level of $5.20. If prices manage to pass this crucial level, there will be an outstanding opportunity for a bullish breakout which slipped away last time.

ETC prices have developed strong support at the price level of $4.80 which is preventing price fall and providing a major boost to the prices. If prices want to achieve the crucial level of $5.20 they need to maintain this current price level of $4.800  which is supporting alt coin’s prices at best.

ETC1
Source:tradingview

The chart is indicating that prices are priming up once again to acquire the price level of $5.20. This level is very vital and deciding if prices manages to climb up above from here, there will be a major bullish trend in the ETC prices . Last time crypto currency’s prices end up falling from this position only.

The technical Indicators and oscillators are not supporting  ETC prices as a bearish momentum emerged with the increase in the selling volume of the cryptocurrency.

The MACD level shows that they are in neutral terms but there is an increase in the buying volume in the crypto asset but selling volume has the potential to catch up with it.

The 24hr-RSI started acquiring positive momentum and initiating a climb while trading between the level of $60 and $50

The 24hr-CCI falls down to the normal zone but again acquired a  positive divergence towards the over buying region.

Resistance Level: $ 5.20
Support Level: $ 4.80

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