Ethereum Classic (ETC) Performance
Ethereum Classic (ETC)
The recent local performance of ETC has been on the rise, showing a 28% growth since October 19. However, the overall trend for Ethereum Classic remains bearish. Additionally, any downward movement in Bitcoin's chart could potentially lead to a significant decline in ETC.
ETC has been trading sideways for the past two days, fluctuating between a support zone of $17.50-$17.87 and a resistance range of $18.56-$18.86. If the upward trend continues, the next targets for buyers are the $19 and $19.5 levels.
Below the current support zone, buyer orders are clustered within the $16.75-$17.15 range, with an additional support level of $16.5. In the event of a correction, these levels may offer attractive opportunities for spot purchases of the asset.
The recent local performance of ETC has been on the rise, showing a 28% growth since October 19. However, the overall trend for Ethereum Classic remains bearish. Additionally, any downward movement in Bitcoin's chart could potentially lead to a significant decline in ETC.
ETC has been trading sideways for the past two days, fluctuating between a support zone of $17.50-$17.87 and a resistance range of $18.56-$18.86. If the upward trend continues, the next targets for buyers are the $19 and $19.5 levels.
Below the current support zone, buyer orders are clustered within the $16.75-$17.15 range, with an additional support level of $16.5. In the event of a correction, these levels may offer attractive opportunities for spot purchases of the asset.
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