Ethereum

Cryptocurrency

Resistance

Ethereum Classic

<ul>
 <li>In the weekly chart analysis, <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-classic-etc-prices-usd" title="Ethereum Classic" class="f-link" rel="noopener noreferrer nofollow">Ethereum Classic</a> has shown a departure from the lower high formation that characterized the previous bearish trend until 2022.</li>
 <li>ETC Price faced challenges breaking the $25 resistance after a year-long consolidation in 2023.</li>
 <li>Weekly chart indicates a bullish sentiment with the breach of a long-term descending trendline.</li>
 <li>Bullish engulfing candle formation observed on Ethereum Classic's daily chart.</li>
 <li>Ethereum Classic experienced a substantial surge, exceeding $30 for the first time since September 2022.</li>
 <li><a href="https://www.coingabbar.com/en/price-analysis" title="Ethereum Classic Price Prediction" class="f-link" rel="noopener noreferrer nofollow">Ethereum Classic Price Prediction</a> suggests potential for further upward movement, with a target of surpassing $40 under favorable market conditions.</li>
 <li>Conversely, if momentum weakens, there's a possibility of retracement to the $25 level.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $40-$60
SUPPORT LEVEL : $13-$5
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Ethereum Classic Shows Strength with Weekly Resistance Triumph

Coingabbar

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