- Ethereum classic price showcasing a bullish momentum, while it breaks the previous all-time high of $47
- ETC price rally catches up with the rally of Ethereum and is trading above all moving averages with average volume
- The pair of ETC/BTC is jumped over +15.22% at the time of writing, which stands at 0.0009897 BTC
Ethereum classic price reaches $57.55 after clearing its previous all-time high of 2017 ($47) since ETC is following the rally of Ethereum, which reached near the mark of $3475 recorded as a new all-time high. Over the monthly chart, ETC is trading on a bullish note and currently placed above all moving averages of 20,50,100 and 200-Day. However, the volume activity seems normal in line with the average line. Somehow no primary resistance is situated at higher levels to consider $60 and $65 as psychological barriers. In contrast, new support on lower levels is $39.40 and $28.70.
Ethereum Classic Over 4-hour Chart
Ethereum classic price over the weekly chart is trading with tremendous bullish momentum. Similarly, the rally is very sharp, and the volume is also somehow positive. However, a new entry should be avoided, and one can wait for a dip. Meanwhile, the technical indicators also indicate the overbought condition in the current scenario. Similarly, ETC now looks overheated, and some intraday correction is expected from current levels. Support on a lower time frame is set at $47.70 of days low, while resistance on the higher side can be considered $58 and $60. At the time of writing ETC is trading at $55.48 with an intraday gain of +12.11%. Whereas volume also witnessed a strong increment of +55.78%, standing at $6,922,461,740.
Relative Strength Index (CAUTION) indicates bullish momentum while trading under the overbought territory at 75.62. However, it is currently trading inside the overbought zone, and a short-term correction or profit-taking can be expected.
Moving Average Convergence Divergence (CAUTION) currently indicates a bullish trend on the daily chart as ETC is trading with the significance of the buyer’s signal line (green) over the seller’s line (red).
Support levels: $39.40 and $28.70.
Resistance levels: $60 and $65.