Key Highlights Ethereum Classic Price Analysis (ETC/USD) Bullish Trend – 3 July
- Ethereum classic price exchanged higher and broke the $16.00 and $16.40 protections against the US dollar.
- There was a break over a key bearish arrangement line with hinderance at $16.05 on the hourly outline of the ETC/USD match (Data feed through Kraken).
- The match is currently put pleasantly over the $16.40 support and it could quicken picks up towards $18.00.
Ethereum classic price is put in a bullish path against the US Dollar and Bitcoin. ETC/USD is probably going to move bolster higher towards the $18.00 and $18.50 levels.
Ethereum Classic Price Trend
There was a strong help conformed to the $15.50 level in ETC price against the US dollar. The ETC/USD combine stayed well over the $15.00 turn level and the 100 hourly straightforward moving normal. The price solidified for a couple of sessions over the $15.50 bolster before beginning the following move. It moved higher and broke the $16.00 and $16.20 obstruction levels.
All the more significantly, there was a break over a key bearish pattern line with obstruction at $16.05 on the hourly graph of the ETC/USD match. The combine spiked over the $17.00 level and a high was shaped at $17.13. Right now, the price is merging additions over the $16.50 level. It tried the 23.6% Fib retracement level of the last wave from the $15.58 low to $17.13 high. In any case, drawbacks were restricted and it appears like the price is getting ready for more increases above $17.00. There is a growing triangle shaped with obstruction at $17.15. A tear over this could open the entryways for more picks up towards the $18.00 level.
Ethereum Classic Price Analysis
The outline recommends that the price is in a bullish zone over the $16.50 level. For whatever length of time that ETC is over the $16.50 and $16.00 bolsters, it could keep on moving higher towards $18.00 and $18.50.
Hourly MACD – The MACD for ETC/USD is set somewhat in the bullish area.
Hourly RSI – The RSI for ETC/USD is above the 60 level.
Real Support Level – $16.00
Real Resistance Level – $17.15