THELOGICALINDIAN - Ethereum archetypal amount is convalescent adjoin the US Dollar and Bitcoin ETCUSD dips abide accurate aloft the 1700 and 1750 abutment levels
Ethereum Classic Price Support
After a major decline, ETC amount begin abutment abreast the $14.20 akin adjoin the US dollar. The amount started an advancement alteration and traded aloft the $15.00 and $15.50 attrition levels. The alteration was absolute as the amount alike bankrupt $16.00 attrition and acclimatized aloft the 100 alternate simple affective average. During the upside, there was a breach aloft a above bearish trend band with attrition at $16.50 on the alternate blueprint of the ETC/USD pair.
The brace traded as aerial as $19.80 and bootless to breach the $20.00 resistance. At the moment, the brace is acclimation lower and testing the 23.6% Fib retracement akin of the aftermost beachcomber from the $14.21 low to $19.80 high. On the downside, there are abounding supports abreast the $17.00 level. An antecedent abutment is at $17.50 and the 38.2% Fib retracement akin of the aftermost beachcomber from the $14.21 low to $19.80 high. The best important abutment is about $17.00 and the 100 alternate SMA.
The mentioned $17.00 abutment is additionally the 50% Fib retracement akin of the aftermost beachcomber from the $14.21 low to $19.80 high. Therefore, dips against the $17.50 and $17.00 abutment levels abide supported. On the upside, the amount has to beat the $19.80 and $20.00 levels to barter added higher.
Hourly MACD – The MACD for ETC/USD is boring affective lower in the bullish zone.
Hourly RSI – The RSI for ETC/USD is branch south appear the 50 level.
Major Support Level – $17.00
Major Resistance Level – $19.80
Charts address – Trading View
