Ethereum Classic (ETC) Bulls Struggling To Maintain Presence Above $5.75  

  • ETC prices are in a positive position and it did acquire a resistance level of $5.75 but unable to maintain it.
  • Prices also crossed the significant resistance level of $ 5.70 which was applying lots of pressure on the prices last.
  • ETC is now slowly preparing up to go against the resistance level of $5.75 as finally it is in their reach and can be acquired.

Recently ETC prices traded mostly with lots of ups and downs in the prices near the level o $5.70 and did suffer a nasty fall, for the third time prices made their move to cross the major hurdle of $5.75 in which they succeeded but shortly fell below it. And now, If prices manage to pass and maintain their climb up above this crucial level 5.75, there will be an outstanding midterm bullish breakout for the ETC prices

Currently, ETC has the strong support of level $4.70 which is preventing price fall and providing a boost to the prices. This price level was the key reason that prices were finally able to cross the crucial level of $5.75 and now if they maintain this current price level than they can make an impressive climb against the resistance level.

ETC’s market capitalization is $666,580,271 USD with volume traded of $1,890,919,850 USD and circulating supply of 116,313,299.

ETClassic
Source:tradingview

In the technical chart prices finally, acquire the price level of $5.75 in their third attempt. Currently, prices are trading near the resistance price level of 5.75 and chances are no they can acquire it completely.

The technical Indicators and oscillators are completely favoring ETC prices as they are indicating positive trade.

The MACD level shows that there is an increase in the buying volume of the crypto asset and it is trying to create a distance with the selling volume with the potential climb up with bulls but bears are not giving up.

RSI is significantly moving towards the highest level possible with a very sharp positive divergence and it did touch the level of over buying zone but later on, it suffered variations. 

The 24hr-CCI took a heavy fall from the over buying region, it reached the highest point possible in the normal region. 

Resistance Level: $ 5.80
Support Level: $ 5.75

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The post Ethereum Classic (ETC) Bulls Struggling To Maintain Presence Above $5.75   appeared first on CryptoSyringe: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.


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