THELOGICALINDIAN - Ethereum archetypal amount beneath essentially adjoin the US Dollar and Bitcoin ETCUSD is currently testing an important abutment aloft 2600 and it may actual higher
Ethereum Classic Price Support
There was a new downside wave accomplished from the $34.50 beat aerial in ETC amount adjoin the US dollar. The amount traded lower and acclimatized beneath a few key abutment levels such as $32.00 and $30.00. There was additionally a breach beneath the $28.00 abutment and a abutting beneath the 100 alternate simple affective average. ETC traded as low as $26.10, which represents a above abutment breadth for buyers.
At the moment, the amount is acclimation college from $26.10. An antecedent attrition is about the 23.6% Fib retracement akin of the aftermost bead from the $31.32 aerial to $26.10 low. However, the best important hurdles is about $28.50. There are two important bearish trend curve basic with attrition abreast $28.50 and $29.50 on the alternate blueprint of the ETC/USD pair. Moreover, the 50% Fib retracement akin of the aftermost bead from the $31.32 aerial to $26.10 low is additionally abreast $28.40. Therefore, it seems like the $28.50 and $29.50 levels are crucial barriers for buyers in the abreast term.
On the downside, the $26.10-00 arena is a above support. A breach and abutting beneath the declared $26.00 abutment could advance the amount appear the $25.00 handle.
Hourly MACD – The MACD for ETC/USD is attempting to move aback in the bullish zone.
Hourly RSI – The RSI for ETC/USD is affective college from the 35 level.
Major Support Level – $26.00
Major Resistance Level – $29.50
Charts address – Trading View
