THELOGICALINDIAN - Ethereum archetypal amount is affective college accurately adjoin the US Dollar and Bitcoin ETCUSD is now able-bodied aloft 3500 and it could move added higher
Ethereum Classic Price Trend
There was a decent upside momentum basic aloft $30.00 in ETC amount adjoin the US Dollar. The amount acquired clip afresh and it confused aloft the $35.00 and $40.00 attrition levels. The upside move was able and the amount was able to move able-bodied aloft $35.00 and the 100 alternate simple affective average. During the upside, there was a breach aloft a key crumbling approach with attrition at $34.00 on the alternate blueprint of the ETC/USD pair.
A aerial was formed at $41.48 from area the amount started a downside correction. It traded beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $31.50 low to $41.48 high. However, the downside move was adequate by the $37.50 support. Moreover, the 38.2% Fib retracement akin of the aftermost beachcomber from the $31.50 low to $41.48 aerial prevented declines. It seems like the brace has completed a alteration beachcomber and it will best acceptable move aloft the $40.00 akin again.
Above the $41.48 high, the amount ability alike ambition $45.00 in the abreast term. On the downside, the $37.00 and $35.00 levels are decent supports.
Hourly MACD – The MACD for ETC/USD is currently hardly affective in the bullish zone.
Hourly RSI – The RSI for ETC/USD is affective lower from the overbought levels, but it is able-bodied aloft the 50 level.
Major Support Level – $35.00
Major Resistance Level – $40.00
Charts address – Trading View, Kraken
