THELOGICALINDIAN - Ethereum archetypal amount is trading accurately adjoin the US Dollar and Bitcoin ETCUSD charcoal able-bodied accurate aloft 2300 and it may anon accretion absorption appear 2500
Ethereum Classic Price Support
After trading aloft the $25.50 level, ETC amount started a downside correction adjoin the US dollar. The ETC/USD brace beneath and traded beneath the $25.00 and $24.00 abutment levels. There was alike a breach beneath the 50% Fib retracement akin of the aftermost beachcomber from the $20.00 beat low to $25.60 high. However, the abatement was adequate by the $22.50 abutment and the 100 alternate simple affective average.
A low was formed at $22.51 afore the amount started an upside move. It climbed aloft the 23.6% Fib retracement akin of the aftermost abatement from the $25.63 aerial to $22.51 low. It is additionally placed accurately aloft the $23.20 abutment and the 100 alternate SMA. Moreover, there is a aloft bullish trend band basic with abutment at $23.00 on the alternate blueprint of the ETC/USD pair. Therefore, the amount charcoal able-bodied accurate on the downside aloft the $23.00 level. A breach and abutting beneath the $23.00 abutment may advance the amount aback appear $22.50.
The chart indicates that the amount has to move aloft the 50% Fib retracement akin of the aftermost abatement from the $25.63 aerial to $22.51 low. A breach aloft the $24.05 akin could accessible the doors for a analysis of $25.00.
Hourly MACD – The MACD for ETC/USD is boring affective in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently aloof beneath the 50 level.
Major Support Level – $23.00
Major Resistance Level – $24.05
