Ethereum Classic Price Technical Analysis – ETC/USD Turned Sell on Rallies

Key Highlights

  • Ethereum basic worth confronted an elevated promoting stress and declined beneath $34.00 in opposition to the US greenback.
  • There’s a main bearish development line forming with resistance at $34.50 on the hourly chart of the ETC/USD pair (Knowledge feed through Kraken).
  • The pair might appropriate just a few pips larger, nevertheless it stays promote on rallies close to $34.50.

Ethereum basic worth is now again in a bearish zone in opposition to the US Greenback and Bitcoin. ETC/USD is going through plenty of resistances on the upside close to $34.00 and $34.50.

Ethereum Classic Price Resistances

A contemporary draw back wave was initiated from effectively above $37.00 in ETC worth in opposition to the US greenback. The value declined and traded beneath a few essential assist ranges comparable to $35.00 and $34.00. It even traded beneath the $33.25 assist and settled beneath the 100 hourly easy shifting common. It traded as little as $31.36 and it’s at the moment…

Read full story