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- ETC prices are in a negative position as it is currently suffering a heavy variation in trading.
- Prices might break down the significant price level of $ 5.40 as it is facing heavy pressure.
- ETC/BCH pair is not performing well with a decrease of – 0.53% bringing the levels to 0.00077233.
Ethereum classic prices are not able to achieve stability above the level of 5.50 due to the heavy resistance line up there. There is a sharp downward pattern means prices are suffering resistance but they are also suffering the volatility, it is a negative indication as the support level of $5.40 is becoming weaker and soon might collapse.
Currently, ETC is seeking to develop a strong support level of $5.35. If prices want to put a halt on the current price fall. As if prices are about to lose the level of $5.40 so then the level of $5.35 will be their last defense line.
ETC’s market capitalization is $632,659,530 USD with volume traded of $1,661,466,371 USD and circulating supply of 116,313,299.
Ethereum Classic (ETC) Price Analysis
The technical chart reflects that prices are suffering and dropping due to the bearish presence. Soon they might lose the level of $5.435 due to the heavy resistance, currently, prices are again acquiring some positive momentum.
The technical Indicators are not in the favor of ETC prices as they are in bearish momentum with the increase in the selling volume of the cryptocurrency.
The 24hr-CCI is falling again in the normal region and it just saved itself from falling further into the overselling region due to the heavy negative trade it.
The MACD level shows that they are again booked by the bearish terms with the current trading pattern of selling volume of the crypto asset and buying volume is developing a tendency to fall catch up against the current bulls.
RSI is started moving towards the normal level with a slight positive divergence but it did acquire a negative trade after being in a heavy bearish momentum and currently moving up to the level of 50
Resistance Level: $ 5.50
Support Level: $ 5.35
