THELOGICALINDIAN - Ethereum archetypal amount is affective college adjoin the US Dollar and Bitcoin ETCUSD is abiding aloft 3000 and is eyeing added upsides against 3500
Ethereum Classic Price Support
There was a abiding rise in ETC amount aloft the $26.00 axis adjoin the US Dollar. The amount acquired drive and was able to move aloft the $30.00 and $34.00 attrition levels. A aerial was formed at $34.96 from area a downside alteration beachcomber was initiated. ETC has confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $25.90 low to $34.96 high.
However, there are abounding supports on the downside aloft the $30.00 handle. There are two bullish trend curve basic with abutment at $31.50 on the alternate blueprint of the ETC/USD pair. The brace afresh activated the 50% Fib retracement akin of the aftermost beachcomber from the $25.90 low to $34.96 high. It is currently captivation the $31.40 abutment and is assuming a lot of absolute signs. It seems like the brace is acceptable to authority the $31.40-50 support area. On the upside, an antecedent attrition is about the $33.00 level.
Above the mentioned $33.00 level, the amount could move aloft the $34.00 akin against the contempo aerial of $34.96 in the abreast term. A breach aloft the $35.00 akin won’t be accessible because the accepted bazaar moves.
Hourly MACD – The MACD for ETC/USD is currently in the bearish area with no above abrogating sign.
Hourly RSI – The RSI for ETC/USD is captivation the 50 akin actual able-bodied and is assuming absolute signs.
Major Support Level – $31.40
Major Resistance Level – $34.00
Charts address – Trading View, Kraken
