Ethereum Classic (ETC) Enjoying Heavy Bullish Momentum, Gains The Level Of $16.40

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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 $6.70 and still continuing its surge.
  • Prices also crossed the significant resistance level of $ 6.00 which was applying lots of pressure on the prices.
  • ETC is now slowly preparing up to go against the resistance level of $7.00 as finally, it is in their reach.

Recently Ethereum Price traded mostly with a heavy and strong bullish momentum in the prices above the level o $6.00, for the first time prices made their move to cross the major hurdle of $6.50 in which they succeeded. And now, If prices manage to pass this crucial level 7.00, there will be an outstanding midterm bullish breakout for the ETC prices

ETC  managed this break out due to the strong support of level  $6.20 which provided a major boost to the prices. This price level was the key reason that prices were finally able to cross the crucial level of $6.40 and now if they maintain this current price level than they can make an impressive climb against the resistance level.

ETC’s market capitalization is $754,498,660USD with volume traded of $2,110,210,872 USD and circulating supply of 116,313,299.

Ethereum Classic (ETC) Price Analysis

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Source:tradingview

In the technical chart prices finally, acquire the price level of $6.78 with the help of a magnificent climb. Currently, prices are trading near the resistance price level of 7.00, and chances are it can acquire it soon enough.

The technical Indicators and oscillators are completely inside the positive trade’s dominance  as they are indicating that a heavy buying trade is going on in the prices  ETC.

The MACD level shows that there is an increase in the buying volume of the crypto asset and it is continuously distancing with the selling volume due to the heavy surge up with bulls.

RSI is significantly moving towards the highest level possible with a very sharp positive divergence and it did touch the level of 80 in the over buying zone.

The 24hr-CCI  took a heavy jump as from the normal region, it climbed the highest point possible in the over buying region.

Resistance Level: $ 7.00
Support Level: $ 6.40

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