- 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
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