THELOGICALINDIAN - Ethereum archetypal amount backward aloft key supports adjoin the US Dollar and Bitcoin ETCUSD charge breach the 112025 attrition to analysis 1200
Recently, ETC amount declined beneath the $11.00 support adjoin the US dollar. However, the ETC/USD brace begin abutment abreast the $10.80 akin and started accumulation in a range. Later, the amount adapted college and confused aloft the $11.00 resistance. There was additionally a breach aloft the 50% Fib retracement akin of the aftermost bead from the $11.33 aerial to $10.81 low.
The upside move was absolute aloft the $11.00 level, but buyers are currently adverse a able attrition abreast $11.15. It seems like the 100 alternate simple affective boilerplate is acting as a barrier abreast $11.15. There is additionally a above bearish trend band in abode with attrition at $11.20 on the alternate blueprint of the ETC/USD pair. Moreover, the 61.8% Fib retracement akin of the aftermost bead from the $11.33 aerial to $10.81 low is additionally abreast the trend line. Therefore, the amount is likely to struggle abreast the $11.15 and $11.20 levels. Aloft these, the amount could analysis the abutting key attrition at $12.00.
The chart suggests that ETC amount is trading abreast a axis area at $11.15-20. A abortion to accretion drive aloft $11.20 may able-bodied aftereffect in a beginning abatement appear the $10.80 support. Below $10.80, sellers are acceptable to booty ascendancy for an continued ride appear the $10.50 and $10.40 abutment levels.
Hourly MACD – The MACD for ETC/USD is placed in the bullish zone.
Hourly RSI – The RSI for ETC/USD is affective lower appear the 50 level.
Major Support Level – $10.80
Major Resistance Level – $11.20
