• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
technical analysis ethereum classic

Ethereum Classic Price Analysis: ETC/USD’s Dips Remain Supported

Aayush Jindal by Aayush Jindal
5 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement

Key Highlights

  • Ethereum classic price surged higher this week and traded above $14.00 against the US dollar.
  • There is a crucial bullish trend line formed with support at $13.55 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is currently testing a major support area near $15.50 and it could bounce back.

Ethereum classic price climbed higher recently against the US Dollar and Bitcoin. ETC/USD is currently correcting lower, but dips remain supported above $13.50.

Ethereum Classic Price Support

During the past few sessions, there was a solid rise in ETC price from the $12.40 low against the US dollar. The ETC/USD pair surged higher and broke the $13.00 and $13.80 resistance levels. There was even a break above the $14.00 level and the price traded as high as $14.53. Later, the price started a downside correction and traded below the $14.00 level.

There was also a break below the 50% Fib retracement level of the last leg from the $13.01 low to $14.53 high. However, declines were well protected near the $13.50 level, which acted as a support earlier as well. Additionally, the 61.8% Fib retracement level of the last leg from the $13.01 low to $14.53 high stopped declines. More importantly, there is a crucial bullish trend line formed with support at $13.55 on the hourly chart of the ETC/USD pair. The pair is currently consolidating above the $13.50 support. As long as the price is above the trend line and the $13.50 support, it could resume its upside move.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Ethereum Classic Price Analysis ETC USD

The chart suggests that ETC price is placed nicely in an uptrend from the $12.40 low. If the $13.50 support holds, it could bounce back above the $14.00 level in the near term. If not, there is a risk of an extended correction towards the $13.20 level.

Hourly MACD – The MACD for ETC/USD is currently in the bearish zone.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Hourly RSI – The RSI for ETC/USD is currently below the 50 level.

Major Support Level – $13.50

Major Resistance Level – $14.20

Tags: ETCETC to USDethereumEthereum ClassicEthereum Classic PriceEthereum Classic Price Technical AnalysisOpinionpricetrading
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

bitcoin price dead death cross

Bitcoin Officially Back From The Dead As Price Moves Above “Death Cross”

2 days ago
BNB

BNB Price Surges Over 20% in a Week And Rally Seems Far From Over

2 days ago
Ethereum

Ethereum Price Seems Ready For Another Leg Higher Over $1,750

2 days ago
Bitcoin

Bitcoin Price Restarts Rally As The Bulls Target New Monthly High

2 days ago
Solana vs Cardano

Cardano Vs Solana: Which Is The Better Investment For The Next Bull Market?

2 days ago
bitcoin price mark up wyckoff

This Bitcoin Wyckoff Schematic Says Massive Price Mark Up Comes Next

2 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

2022’s Crypto Market Crash Distant Memory As Brands Like Metacade Lead Bull Run

March 18, 2023

Top 8 Presales in the Crypto Space for 2023

March 18, 2023

Make Money Gaming With DigiToads and Axie Infinity

March 18, 2023

Earn Passive Income with Binance Coin, Shiba Inu, and Avorak AI

March 18, 2023

Polygon (MATIC) and Avalanche (AVAX) suffer during market downfall, While TMS Network (TMSN) to give tremendous returns to investors

March 18, 2023

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.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 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.