Ethereum

Cryptocurrency

Ethereum Classic

<ul>
 <li>In the weekly chart, <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> undergoes a retest phase following a bullish breakout from the consolidation range.</li>
 <li>The breakout concludes long-term lower-high formations, signaling a trend reversal.</li>
 <li>Fibonacci levels on the weekly chart suggest a potential reach to the $40 mark for the reversal trend.</li>
 <li>After a robust 44% recovery last week, ETC experiences a minor pullback this week.</li>
 <li>On the daily chart, a recent correction prompts a quick retest of the 50-day EMA and the 38.20% Fibonacci level.</li>
 <li>Despite the correction, increased demand at lower levels propels the Ethereum Classic price higher, marked by a long-tail bullish candle.</li>
 <li>The 1.80% rise in the minor pullback tests the breakout level, impacting Ethereum Classic buyers.</li>
 <li><a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar Price Prediction" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Price Prediction</a>, A successful uptrend may propel ETC above $30, targeting $40 in the near term.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $26.00-$28.00
SUPPORT LEVEL : $23.00-$21.00
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.

Takeoff Time: Ethereum Classic Price Prediction Signals Bullish Trend

Coingabbar

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