THELOGICALINDIAN - Ethereum archetypal amount is currently convalescent adjoin the US Dollar and Bitcoin ETCUSD needs to breach 145080 in adjustment to move into the bullish zone
Ethereum Classic Price Support
There was no aloft recovery aloft $14.00 in ETC amount adjoin the US Dollar. During the accomplished few sessions, there was a abatement beneath the $13.00 abutment as well. A low was formed abreast $12.50 from area the amount recovered and confused aback aloft $13.00. It acquired clip and was able to bright the $13.50 attrition forth with the 100 alternate simple affective average.
During the upside, there was a breach aloft a concise bearish trend band at $13.75 on the alternate blueprint of ETC/USD. The amount is now calmly placed aloft the $13.50 abutment and the 100 alternate simple affective average. However, it needs to accretion drive aloft $14.50 attrition if it has to move into the bullish zone. An antecedent abutment is about the 38.2% Fib retracement akin of the aftermost beachcomber from the $12.50 low to $14.41 high. The $13.50 support is additionally abreast the burst trend band and the 100 alternate SMA.
Therefore, the $13.50 abutment is actual important. As continued as the amount is aloft $13.50, it ability attack a breach aloft $14.50. Under $13.50, the $13.00 abutment could be tested. Overall, ETC needs to accretion drive aloft $14.40 to abide in the bullish zone.
Hourly MACD – The MACD is hardly placed in the bullish zone.
Hourly RSI – The RSI is currently aloft the 50 level.
Major Support Level – $13.50
Major Resistance Level – $14.50
Charts address – Trading View, Kraken
