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Ethereum Classic

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/etc-price-analysis-sellers-pushback-etc-will-it-crash-14-75/">ETC Price Analysis: Sellers Pushback ETC, Will It Crash $14.75?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Taking constant support from the crucial horizontal level at $14.75, the ETC coin price forms a descending triangle pattern. In the recent negative cycle within this triangle, the ETC price reverts from the $20 mark to $14.75, accounting for a 30% drop between July and September 2023.
Despite the overall correction, the constant support at $14.75 keeps the hope for a bullish reversal in the <a href="https://coinpedia.org/price-prediction/etc-ethereum-classic-price-prediction/" rel="noopener noreferrer nofollow">Ethereum Classic price prediction</a>.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="487" src="https://image.coinpedia.org/wp-content/uploads/2023/10/06110913/ETCUSD_2023-10-06_10-36-11-1024x487.png" alt="" class="wp-image-235164" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/06110913/ETCUSD_2023-10-06_10-36-11-1024x487.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/10/06110913/ETCUSD_2023-10-06_10-36-11-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/06110913/ETCUSD_2023-10-06_10-36-11-768x365.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/10/06110913/ETCUSD_2023-10-06_10-36-11-1536x730.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/10/06110913/ETCUSD_2023-10-06_10-36-11-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/10/06110913/ETCUSD_2023-10-06_10-36-11.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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However, the recent bullish reversal during late September breaks above the resistance trendline, and the 50-day EMA signals a reversal. Nevertheless, the buyers failed to sustain the bullish momentum despite the ongoing up October, which led to a retest of the broken trendline.
Moreover, there recent downtrend in ETC price nullifies the double-bottom reversal from the $14.75 support level. This turns the Ethereum classic into a sideways-moving consolidation range between $14.75 and $17.
Currently, the ETC coin price trades at $15.49 with an intraday gain of 0.32%. Moreover, recently, a candle tested the trend line with lower side rejection that highlights the possibility of a post-retest reversal.&nbsp;
Technical indicators:
EMA: The 50 and 200 days, exponential moving averages maintain a declining trend with certify the downtrend in motion.
DMI: The DMI indicator displays a negative slope in the ADX line, representing a lack of trend momentum. Moreover, the DI lines given bear crossover during the retest phase in ETC price.&nbsp;
<h2 class="wp-block-heading" id="h-will-etc-price-cross-16">Will ETC Price Cross $16?</h2>
Considering the buyers managed to hold off the incoming supply at $14.75, the ETC price is set for a bullish reversal. The refresh bullish rally will continue the sideways trend with the overhead resistance of $17. Upon the $17 breakout ETC prices, the 200 EMA and reach the $20 mark.&nbsp;
On the flip, if the buyers fail to sustain dominance inside $14.75, then the continuation will hit the $12.65 mark.&nbsp;

ETC Price Analysis: Sellers Pushback ETC, Will It Crash $14.75?

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