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

processed
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

Advertisement


Hot News

XRP’s Bearish Trend Proves Why It is One of the Preferred Cryptocurrencies

Popular altcoins such as Ethereum, XRP, Cardano, Chainlink, and Dogecoin observed their trading price soaring since the start of the month. XRP’s price...

Australian Woman Behind $300,000 Worth XRP tokens Theft Sentenced to 2 Years of Jail

Women committed this crime with the help of an associate where they stole more than $300,000 in fiat value in the form of...

Mining Stocks Explode Amidst The Bitcoin Rally

Nasdaq reported Marathon Patent Group's stock touched a new 52 week high.  MARA shares appreciated 50% and traded at $3.04, prior to which...

Federal Reserve’s Measures On Inflation May Directly Influence BTC’s Adoption

Federal Reserve of the United States said that in the coming months they will deliver a strong framework on low rates as it...

Ethereum Classic (ETC) CEO’s Statement on Recent Attacks

Terry Culver, CEO of ETC labs announced that the future of ETC is still a vibrant one. A reorganization of 3693 blocks has...

Vitalik Buterin vs Forsage Twitter War on Ethereum Scam

Philippines' Securities and Exchange Commission (SEC) declared Forsage as a Ponzi. Vitalik Buterin demanded that Forsage leaves, and stops polluting the Ethereum ecology...

Partners

RELATED NEWS

XRP’s Bearish Trend Proves Why It is One of...

Popular altcoins such as Ethereum, XRP, Cardano, Chainlink, and Dogecoin observed their trading...

Australian Woman Behind $300,000 Worth XRP tokens Theft Sentenced...

Women committed this crime with the help of an associate where they stole...

Mining Stocks Explode Amidst The Bitcoin Rally

Nasdaq reported Marathon Patent Group's stock touched a new 52 week high.  MARA...