Ethereum Classic (ETC) Prices Again Climbed Back To The Level Of $7.00

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 bullish momentum due to the support level of 6.62 and still, it is going up.
  • ETC is now slowly preparing to put a halt in the current resistance line of $7.00
  • The prices are becoming strong and neglecting the negative trade.

Ethereum Classic ETC is trading mostly with a heavy and strong bullish momentum in the prices as it is about to acquire the level of $7.00.

This will be the second time when prices made their move to cross the major hurdle of $7.00.

If Ethereum Classic ETC prices manage to acquire this current resistance level then the bullish pattern will emerge of a medium time period.

There will be an excellent midterm bullish breakout for the ETC prices which will make them reach their recent high.

ETC price managed to acquire this strong bullish pattern due to the price level of $6.62 in today’s trading session.

This price level was the key reason that prices are still surging up to cross the level of $7.00 and now if they keep on trying this, they will be able to maintain a gradual climb too.

ETC’s market capitalization is $808,589,129 with volume traded of $2,105,876,000 and circulating supply of 116,313,299.

Ethereum Classic Price Analysis

Advertisement


etc1
Source:tradingview

In the technical chart, prices took a strong rise due to the price level of $6.62 as this puts a halt on the flat trend in the prices.

Currently, prices are trading above the price level of 7.00, and chances are it can acquire this price level soon.

The technical Indicators and oscillators are completely inside the positive trade’s dominance as they are indicating buying trade-in Ethereum Classic ETC.

The MACD level shows that there is an increase in the buying volume of the crypto asset and soon it will be over the selling volume.

RSI is significantly moving towards the crucial level of 80 as they are acquiring heavy bullish momentum.

The 24hr-CCI  took a strong rise from the top normal region, it climbed the highest point possible in the over buying region.

Resistance Level: $ 7.00

Support Level: $ 6.50

Hot News

Kyoto University to Recruit People to Maintain XRP Validator

Kyoto University is now in search of a technical assistant to maintain and manage XRP validators. XRP also is known as Ripple is a...

Litecoin (LTC) Awaking From the Bear market

Cryptocurrency markets continued their rally soon after facing a major blowout. The seventh-largest cryptocurrency by market capitalisation, Litecoin, witnessed major price shifts for...

Japanese Consortium of Enterprises to Use Blockchain To Trade With Vietnam

A Japanese council consisting of 18 Japanese enterprises like NTT, Mitsubishi, and Japan Express has decided to apply a blockchain-based business management system...

Greg Tusar joins Coinbase as Vice President of Institutional Products

Greg Tusar is the co-founder of Tagomi and electronic trading pioneer and he joins the Coinbase as a part of their recently announced...

Millennials Prefer Bitcoins, While Older Cohorts Prefer Gold: JPMorgan

JPMorgan Chase has revealed that the older cohort of investors tend towards Gold, whereas the younger ones prefer to invest in digital assets. ...

Bitfinex Announces a $400 Million Bounty For Return of Stolen 2016 Bitcoin

The Bitfinex exchange is offering a huge reward of $400 million in return for information about the individuals or groups who were responsible...

Partners

RELATED NEWS

Kyoto University to Recruit People to Maintain XRP Validator

Kyoto University is now in search of a technical assistant to maintain and manage...

Litecoin (LTC) Awaking From the Bear market

Cryptocurrency markets continued their rally soon after facing a major blowout. The seventh-largest...

Japanese Consortium of Enterprises to Use Blockchain To Trade...

A Japanese council consisting of 18 Japanese enterprises like NTT, Mitsubishi, and Japan...