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Ethereum Classic Price Analysis: ETC/USD Consolidating Above $17

Key Highlights

  • Ethereum vintage value is maintaining a significant give a boost to space close to $16.80 towards america buck.
  • There’s a temporary ascending channel forming with give a boost to at $17.50 at the hourly chart of the ETC/USD pair (Information feed by way of Kraken).
  • The pair might climb upper within the close to time period so long as it remains above the $17.50 give a boost to space.

Ethereum vintage value stays supported on dips towards america Greenback and Bitcoin. ETC/USD is more likely to proceed upper if the $17.50 and $17.00 give a boost to ranges are intact.

Ethereum Vintage Value Give a boost to

After a considerable decline, ETC value discovered consumers above the $16.50 degree towards america buck. The ETC/USD pair not too long ago traded as little as $16.79 ahead of it began an upside transfer. Consumers driven the fee above the $17.00 resistance degree. Additionally, there used to be a destroy above the 23.6% Fib retracement degree of the closing drop from the $19.87 top to $16.79 low.

On the other hand, the upside transfer used to be capped by way of the $18.35 degree and the 100 hourly easy transferring reasonable. There may be a temporary ascending channel forming with give a boost to at $17.50 at the hourly chart of the ETC/USD pair. The ascending channel trend appears to be a duplicate of a prior trend, which paved approach for losses beneath $17.00. The present trend might produce extra positive aspects if the fee stays above $17.00. Consumers want to push the fee above $18.35 and the 50% Fib retracement degree of the closing drop from the $19.87 top to $16.79 low.

Ethereum Classic Price Analysis ETC USD

The chart means that the fee might slowly transfer upper against $19.00. As soon as there’s a correct shut above the 100 hourly SMA, the fee might boost up positive aspects against the closing swing top of $19.87. Above this, the following main hurdle for consumers is close to $20.00.

Hourly MACD – The MACD for ETC/USD is slowly transferring within the bullish zone.

Hourly RSI – The RSI for ETC/USD is these days position well above the 50 degree.

Primary Give a boost to Stage – $17.00

Primary Resistance Stage – $18.40

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