Ethereum

Ethereum Classic

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/etc-price-analysis-buyers-rest-before-a-breakout-run-to-20/">ETC Price Analysis: Buyers Rest Before A Breakout Run To $20!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Taking a bullish break to refuel a positive cycle in the medium term sideways trend, the ETC price reaches the $17.30 mark. However, the upcycle faces opposition from the 200-day EMA and struggles to give a bullish breakout.
Nevertheless, the uptrend boosts the sentiments around Ethereum classic and hints at a long-term bullish trend. Further, the <a href="https://coinpedia.org/price-prediction/etc-ethereum-classic-price-prediction/" rel="noopener noreferrer nofollow">ETC price prediction</a> predicts a bullish end for 2023.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2023/11/01124807/ETCUSD_2023-11-01_12-17-56-1024x481.png" alt="" class="wp-image-241176" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/01124807/ETCUSD_2023-11-01_12-17-56-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/01124807/ETCUSD_2023-11-01_12-17-56-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/01124807/ETCUSD_2023-11-01_12-17-56-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/01124807/ETCUSD_2023-11-01_12-17-56-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/01124807/ETCUSD_2023-11-01_12-17-56-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/01124807/ETCUSD_2023-11-01_12-17-56.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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Taking a bullish reversal from the crucial support level of $14.75, the ETC price makes a solid comeback. The reversal rally crosses the short-term resistance trendline and reclaims the 50-day EMA and the $15 mark.&nbsp;
With increasing trend momentum, the Ethereum classic price completes an upcycle to reach the 200-day EMA close to the $17.21 mark. Currently, the ETC price is trading at $17.32 with an intraday fall of 0.86%, with higher price rejection reflecting a potential pullback.&nbsp;
However, the improving sentiments around the Ethereum Classic display a bullish phase incoming, leading to a potential breakout. In such a case, the prolonged uptrend will unleash the trapped momentum to rise higher.&nbsp;
Technical indicators:
MACD: The MACD and signal lines continue the positive trajectory with bullish growth in histograms. This reflects a positive rise in trend momentum and increases breakout chances.&nbsp;&nbsp;
EMA: The declining gap between the 50-day and 200-day EMA projects a high likelihood of a golden crossover event.&nbsp;
<h2 class="wp-block-heading" id="h-will-etc-price-reach-20">Will ETC Price Reach $20?</h2>
As the overall trend momentum grows, the ETC price teases a breakout rally to reclaim higher levels. Moreover, the breakout rally is expected to reach the next resistance level of $20, accounting for a price jump of 20%.
On the other hand, if Ethereum Classic fails to sustain the momentum, it may fall below $17 to test $15.

ETC Price Analysis: Buyers Rest Before A Breakout Run To $20!

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