Crypto

Ethereum Classic has built up a significant support base and is recovering

  • The Ethereum Classic (ETC) set up a support base of $ 16.44 and rebounded against the US dollar
  • On the hourly chart of the ETC / USD, there was a break above a significant downward trend line with resistance of $ 18.5 [19659002
  • As a result, the Ethereum Classic has built up and recovered significant support bases.

Ethereum Classic records a good recovery against US dollar and Bitcoin . If buyers gain control, the ETC / USD can reach a higher speed than $ 21.

Ethereum Classic gains momentum by creating substantial support floors

After a major downturn, the Ethereum Classic supported more than $ 16 against the US dollar. The ETC / USD traded at as low as $ 16.4 before starting the upward correction. The ETC was consigned for more than $ 16.5 before starting up. The price of the ETC fell to $ 16.9 from $ 21.9, up from the 23.6% Fib recovery level.

The Ethereum Classic opened its doors to earn more money and the price went above $ 18. More importantly, there was a break above a significant downward trend line, with the ETC / USD pair trading at $ 18.5 on the hourly chart. Finally, there is a close relationship between a $ 19 resistance and a 100-hour simple moving average. At the moment, the price is testing the 61.8% Fib correction level of the last decline from $ 21.9 to $ 16.44.

 Ethereum Classic builds up and recovers important support bases
Ethereum Classic builds up and recovers important support bases

The graph shows that the price is above $ 18 showing that it formed a bull-like structure. The Ethereum Classic can continue to rise and any decline in current levels, buyers may find close to 18 euros. The MACD for the ETC / USD pair, MACD for the ETC / USD pair, is good for bullish territory.

Price quotes for the Ethereum Classic

Hourly MACD:

The Greatest Support Level: The RSI for the ETC / USD parity is above the level of 60.

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