- Ethereum classic is showing significant positive movement in today’s market by having an overall gain of 1.00%
- It looks like ETC bulls are back in the market and a successful closing above $6.50 mark can prove that.
On the 7-Day weekly chart, ETC Price started at a price level of $7.00 and gradually broke the crucial level of $7.50. The cryptoasset had a gradual positive momentum unlike the other crypto assets in the market. Therefore it can be sustainable on its current price levels.
On reaching the level of $6.00 due to the overall significant downtrend, the main aim for the altcoin was to break the major mark of $6.50 again. It was successful in breaking the mark but now able to sustain above that.
On the 1-day current chart, it started with the level of $6.10 and is looking able to break $6.40 level. Currently, it can sustain above the mark with the current price of $6.20. The market capitalization is $718,125,426 and volume traded of $1,681,827,018 for the altcoin.
The technical chart reflects on the gradual positive momentum faced by ethereum classic during the past few days. After reaching the support level of $6.00, the price of ETC can have a boost to cross the level of $7.00.
The technical indicators suggest that now ETC bulls are here to build sustainable bullish momentum.
The 24hour-RSI is also reaching the neutral level of 50 which is positive for bullish momentum.
The 24hour-CCI is in the normal territory and a negative divergence will put the levels in the oversold region. However, if CCI remains in the overbought region for a long duration, bears might comeback for ETC.
MACD levels also indicate an upcoming bullish momentum as the levels are reaching the bullish zone.
Resistance level: $7.00
Support level: $6.00 and $6.10
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