NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Classic Price Analysis – ETC Recovery Initiated

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Ethereum Classic Price Technical Analysis

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Key Highlights

  • Ethereum classic price started recovering this past week against the Bitcoin, and moved above 0.00120BTC.
  • There is now a bullish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may act as a support on the downside.
  • The price is currently correcting lower, but remains supported on the downside.

Ethereum classic price started moving higher against the Bitcoin to trade as high as 0.00145BTC before starting a correction.

Ethereum Classic Price Trend Line Support

I highlighted this past week that ETC price may have started a recovery phase. The price did move higher and climbed above a couple of important resistance levels. It broke the all-important 0.00120BTC for a move higher. A new monthly high of 0.00145BTC was formed where sellers appeared and pushed the price down. It has already moved below the Fib retracement level of the last wave from the 0.00111BTC low to 0.00145BTC high.

However, the price is approaching a major support area. There is a bullish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx). It may act as a strong buy zone on the downside, as the 100 hourly simple moving average is also positioned near it. Lastly, the 50% Fib retracement level of the last wave from the 0.00111BTC low to 0.00145BTC high is also around the same trend line.

So, the highlighted trend line support holds a lot value at 0.00128BTC, and it won’t be easy for the sellers to break it. As long as the price is above 0.00125BTC, there is a chance of an upside move once again. The last swing high of 0.00145BTC may also be tested.

Hourly MACD – The MACD is now in the bearish zone, but may soon reverse.

Hourly RSI – The RSI is back below the 50 level, but there is no major bearish momentum.

Major Support Level – 0.00125BTC

Major Resistance Level – 0.00140BTC

 

Charts courtesy – SimpleFX

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Price Action Turns Bearish

Ethereum Daily Transactions Just Hit Its Highest Level Since January 2024, Will Price Follow?

Ethereum has seen a notable spike in its daily transactions after a week filled with uncertain market movement. While the rise...

Scott Matherson 7 hours ago

瑞波幣價格下跌正築底大漲前徵兆 BTCBULL預售倒數2日成牛市百倍幣熱點!

在2025年逐漸升溫的加密市場裡,一些資產的走勢正悄悄透露出轉機的訊號。瑞波幣(XRP)近來的價格走勢雖未出現明顯爆發,卻讓不少交易者與分析師嗅到了類似於2024年比特幣大漲前的味道。 而與此同時,一...

Mark Mak 8 hours ago
beste crypto om nu te kopen

5 altcoins waar whales nu instappen – beste crypto om nu te kopen?

Crypto whales lijken op dit moment bezig te zijn om een aantal minder bekende altcoins op te kopen. Hieronder gaan...

Lars Diederiksen 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength

Christian Encila 1 hour ago
Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic

Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic

Sebastian Villafuerte 3 hours ago
Dogecoin koers voorspelling na wijziging DOGE ETF aanvraag – gaan memecoins stijgen?

Dogecoin koers voorspelling na wijziging DOGE ETF aanvraag – gaan memecoins stijgen?

Lars Diederiksen 7 hours ago

Premium Sponsors

Press Releases

  • [Important Upgrade] ETHRANSACTION Cloud Mining Adds XRP...

    2 hours ago
  • LeveX’s Transparent Fees: No Surprises, Just Trading...

    11 hours ago
  • Cele mai bune altcoinuri de cumpărat în iunie 2025...

    15 hours ago
  • Nejlepší altcoiny ke koupi v červnu 2025 podle analytiků

    Nejlepší altcoiny ke koupi v červnu 2025 podle...

    15 hours ago
  • mining

    Crypto Mining Guide: 5 Best Litecoin Mining Rigs for LTC...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.