Ethereum Classic Price Technical Analysis – ETC/USD Downtrend Intact

Key Highlights

  • Ethereum basic worth fell beneath the $10.00 deal with not too long ago in opposition to the US Greenback.
  • There’s a main bearish development line forming with resistance at $10.40 on the hourly chart of the ETC/USD pair (Knowledge feed by way of Kraken).
  • The pair is struggling to interrupt the $10.40-10.50 resistance and stays susceptible to extra declines.

Ethereum basic worth wrestle to maneuver increased continues in opposition to the US Greenback and Bitcoin. ETC/USD is going through a significant resistance close to $10.40-10.50.

Ethereum Classic Price Resistance

There was a draw back response in direction of $10.00 in ETC worth in opposition to the US Greenback. The value even broke the $10.00 deal with and traded as little as $9.70. Later, the value began an upside correction and traded above the 23.6% Fib retracement degree of the final drop from the $11.00 excessive to $9.70 low. Nonetheless, patrons had been seen struggling close to the $10.40 resistance,…

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