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The post <a href="https://coinpedia.org/price-analysis/buyers-excited-to-pay-premium-as-etc-price-breaks-beyond-20/">Ethereum Classic Price Surge : Will ETC Price Hit $30 in 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Making a bullish comeback in December, the Ethereum Classic price blazes up this Winter season. Ready to extend the 38% year-to-date growth, the ETC price lights up a breakout rally as it drinks up the increased momentum thanks to the recovery phase in the overall market.&nbsp; 
With Bitcoin and Ethereum prices shooting higher above $40K and $2.2K, Ethereum Classic is ready to spread its wings and rise higher. Turning the <a href="https://coinpedia.org/price-prediction/etc-ethereum-classic-price-prediction/">ETC price prediction</a> more bullish, the buyers are lining up to pay the premium for ETC tokens. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="479" src="https://image.coinpedia.org/wp-content/uploads/2023/12/07130723/ETCUSD_2023-12-07_13-07-12-1024x479.png" alt="" class="wp-image-251852" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/07130723/ETCUSD_2023-12-07_13-07-12-1024x479.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/07130723/ETCUSD_2023-12-07_13-07-12-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/07130723/ETCUSD_2023-12-07_13-07-12-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/07130723/ETCUSD_2023-12-07_13-07-12-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/07130723/ETCUSD_2023-12-07_13-07-12-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/07130723/ETCUSD_2023-12-07_13-07-12.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/sx66V6XG/">Tradingview</a> 
With the slow but gradual rise in the ETC price gaining momentum, the trend analysis marks a strong comeback. Making a rounding bottom pattern in the daily chart, the recovery rally plans a trend continuation to start 2024 at higher levels than 2023.&nbsp; 
The recent bounceback within the continuation pattern finds an increase in the trading volume, reflecting a rise in demand. Further, the ETC price gives a bullish breakout as it crosses the long-term barrier at $20. 
With a moonshot rally at high speed, Ethereum Classic has jumped by 16.26% in the last seven days to form consecutive bullish candles. Moreover, the ETC price trades at $21.52 with an intraday growth of 5.87%, forming a solid bullish engulfing candle.&nbsp; 
Technical indicators: 
MACD: The MACD and signal lines give a bullish crossover signal in the daily chart, with the revival of positive histograms. Therefore, the momentum indicator supports the extension of the breakout rally.&nbsp; 
EMA: The golden crossover in the 50D and 200D EMA marks a trend reversal in the ETC price and signals entry opportunities for new buyers.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-will-etc-price-reach-30">Will ETC Price Reach $30?</h2> 
With the eye-catching breakout of the $20 barrier, Ethereum Classic is ready to start a bullish breakout rally. Further, the rising sentiments lead to an increased capacity of investors to take risks fueling the altcoin market rally.&nbsp; 
Under such supporting conditions, the ETC price gives a breakout rally and may shortly cross the $25 mark. If the uptrend exceeds the $25 mark, then the altcoin may start 2024 at levels greater than $30. 
On the other hand, if Ethereum Classic fails to sustain the momentum, it may fall below $20 to test $17.

Ethereum Classic Price Surge : Will ETC Price Hit $30 in 2024?

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