Ethereum Classic Price Analysis: ETC/USD to reach $16 soon

Key Highlights Ethereum Classic Price 28 June

  • Ethereum classic price is exchanging welcomely over the $14.25 bolster region against the US dollar.
  • There is a noteworthy bearish pattern line shaped with obstruction at $15.60 on the hourly diagram of the ETC/USD match (Data feed through Kraken).
  • The combine needs to clear the $15.60 and $16.00 opposition levels to pick up upside energy in the close term.

Ethereum classic price is gradually moving in a positive zone against the US Dollar and Bitcoin. And so forth/USD could quicken increases above $16.00 if purchasers pick up control.

Ethereum Classic Price Resistance

There was a better than average upside move in ETC price over the $14.25 and $15.00 obstruction levels against the US dollar. The ETC/USD match exchanged near the $16.00 opposition, which averted additionally picks up. There were a few endeavors by purchasers to break $16.00, however they fizzled. Thus, the price declined and moved beneath $15.00. There was a break underneath the 38.2% Fib retracement level of the last wave from the $13.21 low to $16.03 high.

The price likewise cleared the 100 hourly basic moving normal, yet it discovered help close $14.25. In addition, the 61.8% Fib retracement level of the last wave from the $13.21 low to $16.03 high likewise offered help. And so forth price bobbed back and is at present exchanging above $15.00 and the 100 hourly SMA. On the upside, there is a noteworthy bearish pattern line framed with obstruction at $15.60 on the hourly graph of the ETC/USD combine. Over the pattern line, the most vital obstacle for purchasers is close to the $16.00 level.

Ethereum Classic Price Analysis ETC USD

The outline recommends that the price is gradually moving into a positive zone above $15.00. Be that as it may, it should clear the $15.60 and $16.00 protections from pick up footing. On the drawback, underpins are seen close $14.60 and $14.25 levels.

Hourly MACD – The MACD for ETC/USD is as of now level in the bullish zone.

Hourly RSI – The RSI for ETC/USD is holding the 50 level with positive signs.

Significant Support Level – $14.25

Significant Resistance Level – $16.00


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