THELOGICALINDIAN - Ethereum archetypal amount is beneath bearish burden adjoin the US Dollar and Bitcoin ETCUSD is currently acclimation college but is adverse hurdles abreast 2700 and 2750
Ethereum Classic Price Resistance
There was a start of a new downside acknowledgment from the $30.50 beat aerial in ETC amount adjoin the US Dollar. The amount confused bottomward and bankrupt a few important abutment levels such as $30.00 and $28.00. It traded abutting to the $24.00 akin and formed a lot at $24.01. It is currently acclimation college and has already confused aloft the 23.6% Fib retracement akin of the aftermost abatement from the $30.00 aerial to $24.01 low.
At the moment, the amount is adverse attrition abreast the $27.00 level. Moreover, the 38.2% Fib retracement akin of the aftermost abatement from the $30.00 aerial to $24.01 low is acting as a resistance. There is additionally a above bearish trend band basic with attrition abreast $27.50 on the alternate blueprint of the ETC/USD pair. The trend band attrition is about the 100 alternate simple affective boilerplate at $27.80. An average resistance is about the 50% Fib retracement akin of the aftermost abatement from the $30.00 aerial to $24.01 low at $26.98.
Therefore, there are abounding hurdles on the upside starting with $27.00. As continued as the amount is beneath $27.00, it ability struggle. On the downside, the $24.00 akin is a appropriate support. Beneath $24.00, the abutting above abutment is about $22.00.
Hourly MACD – The MACD for ETC/USD is about to move aback in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently aloof abreast the 50 level.
Major Support Level – $24.00
Major Resistance Level – $27.50
Charts address – Trading View, Kraken
