Ethereum

Based

Ethereum Classic

<ul> 
 <li>Ethereum Classic (ETC) price chart shows a sideways movement and is trading near specific support and resistance levels.</li> 
 <li>If the ETC price falls below $17.53, the downward trend may strengthen and it could decline to $16.96.</li> 
 <li>However, if the ETC price encounters strong buyers in the support zone, it may initiate an upward movement and advance towards $19.53.</li> 
</ul> 
When analyzing the technical price chart of Ethereum Classic (ETC), it can be observed that it is moving sideways and trading near specific support and resistance levels. Based on the current analysis of ETC, the price may exhibit downward or upward trends depending on its closing levels at certain levels. 
<h2 id="strong-medium-term-etc-analysis-strong">Medium-Term ETC Analysis</h2> 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/Ethereum-Classic-ETC-Price-Forecast-It-Needs-to-Break-Critical.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134242 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Ethereum-Classic-ETC-Price-Forecast-It-Needs-to-Break-Critical.png" alt="1-Day ETC/USD Price Chart" width="3006" height="1656"></a> 1-Day ETC/USD Price Chart 
When examining the daily price chart of Ethereum Classic (ETC), it can be seen that it is moving close to the trend line. According to the analysis, if the ETC price achieves daily candle closes above the resistance zone indicated in blue, it may continue its upward movement. 
If the ETC price surpasses the $19.79 resistance level and achieves daily candle closes, it may sustain its upward movement towards $21.45. However, if it fails to break the $19.79 resistance, it may initiate a downward movement towards $17.50. 
If the ETC price achieves daily candle closes below $17.50, it may extend its decline towards $16.70. However, if the ETC price maintains support at $16.70, it may exhibit an upward trend again. 
As long as the ETC price remains above $16.60, there is a possibility of continuing its upward movement towards the $21.45 resistance. It is noted that many major investors are waiting for an opportunity to buy ETC within this range. 
Short-Term ETC Analysis 
<a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687817793_136_Ethereum-Classic-ETC-Price-Forecast-It-Needs-to-Break-Critical.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-134243 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687817793_136_Ethereum-Classic-ETC-Price-Forecast-It-Needs-to-Break-Critical.png" alt="Hourly ETC/USD Price Chart" width="3006" height="1656"></a> 
Hourly ETC/USD Price Chart 
When analyzing the technical price chart of Ethereum Classic (ETC), it can be seen that it continues to move sideways. If the ETC price achieves hourly candle closes below the $17.53 level, it may extend its downward movement towards $16.96. 
However, if the ETC price encounters strong buyers in the support zone mentioned in the analysis, it may exhibit an upward reaction and continue its upward movement towards $19.53. 
If the ETC price achieves hourly candle closes above the $19.53 level, it may sustain its upward movement towards $20.30. In this case, ETC has the potential to continue its upward trend. 
The post <a rel="nofollow" href="https://en.coinotag.com/ethereum-classic-etc-price-forecast-it-needs-to-break-critical-resistance/">Ethereum Classic (ETC) Price Forecast: It Needs to Break Critical Resistance!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Ethereum Classic (ETC) Price Forecast: It Needs to Break Critical Resistance!

Table of Contents

CO NEWS

Other articles published on Jun 26, 2023

Singapore’s Monetary Authority Unveils Crypto Accountability Report

Notice of PlayDapp Tournament Update Maintenance

Shiba Inu Burn Twitter Page Temporarily Shut Down

Top 2 Altcoins Ready For Massive Surge In Coming Weeks

Ethereum Bulls and Bears Battle Around $1900 While the Whales Continue to Remain in Profit

How profitable is H2E?

Join our free newsletter for daily crypto updates!