Ethereum Classic (ETC) Breaks Resistance:
Ethereum Classic (ETC) is trading at $33.64, which is a rise of $0.65 or 1.96% from its previous close.
Analyzing the daily chart for Ethereum Classic paired with USDT, the price action suggests a resistance/support (S/R) flip, a technical occurrence where a price level previously acting as resistance becomes support after the price breaks through it, or vice versa.
The chart outlines two key price levels marked at $35.596 and $39.716, which seem to be the immediate targets. The price has recently moved past the $35.596 level, which is now likely to be tested as a new support level. If the price holds above this level, we can anticipate a potential move towards the next target at $39.716.
Given these observations and the current price of $33.64, the next moves for ETC would likely involve testing the $35.596 level for support. If this level holds, it may pave the way for an upward move towards $39.716
Analyzing the daily chart for Ethereum Classic paired with USDT, the price action suggests a resistance/support (S/R) flip, a technical occurrence where a price level previously acting as resistance becomes support after the price breaks through it, or vice versa.
The chart outlines two key price levels marked at $35.596 and $39.716, which seem to be the immediate targets. The price has recently moved past the $35.596 level, which is now likely to be tested as a new support level. If the price holds above this level, we can anticipate a potential move towards the next target at $39.716.
Given these observations and the current price of $33.64, the next moves for ETC would likely involve testing the $35.596 level for support. If this level holds, it may pave the way for an upward move towards $39.716
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