Ethereum Classic Price Analysis: ETC/USD Bearish Below $18

Key Highlights

  • Ethereum basic value failed to maneuver above the $18.80 resistance and declined in opposition to the US greenback.
  • There was a break under a key bullish development line shaped with help at $18.20 on the hourly chart of the ETC/USD pair (Knowledge feed through Kraken).
  • The pair is now buying and selling under the $18.00 pivot degree and the 100 hourly easy transferring common.

Ethereum basic value is slowly transferring decrease in opposition to the US Greenback and Bitcoin. ETC/USD might decline additional so long as it’s under the $18.00-18.20 resistance.

Ethereum Classic Price Resistance

After a good upside transfer, ETC value failed to interrupt the $18.80 and $19.00 resistance ranges in opposition to the US greenback. The ETC/USD pair shaped a excessive close to $19.00 and began a draw back transfer. There was one other try to clear the identical hurdle, however the value failed and topped close to $18.81. ETC value moved down and broke…

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