Ethereum Classic Price Prediction for Today, Jan 4: ETC/USD Trades Near $20 Resistance

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The Ethereum Classic Price Prediction reveals that ETC needs to break above the $20 resistance level quickly to prevent bears from entering the market.

Ethereum Price Prediction Statistical Data:

  • Ethereum Classic price now – $18.19
  • Ethereum Classic Market Cap: $2.5 Billion
  • Ethereum Classic circulating supply: 138.7 million
  • Total Ethereum Classic supply: 210 million
  • Ethereum Classic Coinmarketcap Ranking – #25

ETC/USD Market

Key levels:

Resistance levels: $25, $27, $29

Support levels: $13, $11, $9

ETCUSD – Daily Chart

ETC/USD is hovering around $18 as the coin prepares for more bullish signals. The move higher has not allowed the market to lean into selling activity below $19 early this morning. At the moment, Ethereum Classic (ETC) is likely to cross above the upper boundary of the channel.

Ethereum Classic Price Prediction: Would ETC Price Go Above $20?

The price of Ethereum Classic is heading higher when the coin reaches the daily high of $18.31. Looking at the daily chart, $15 remains a key support zone, and if it is broken, the selloff can extend towards the $14 support level. Currently, the price of the coin is changing hands at the $18.19 level, and the bulls are making a push.

In other words, any reversal towards the lower boundary of the channel may welcome the bears back into the market and the price could reach the critical supports at $13, $11 and $9. Furthermore, the Technical Indicator Relative Strength Index (14) is moving above the 60 level, indicating the continuation of the uptrends and further resistance could be found at the $25, $27 and $27 levels. 29.

Against BTC, the daily chart shows that Ethereum Classic price is trading well in a strong uptrend around 1079 SAT. If the price sustains above the 9-day and 21-day moving averages, there is a chance of a further long-term move higher. If the price continues to rise, it could even break the 1300 SAT and higher in future sessions.

ETCBTC – Daily chart

In the meantime, if the bears regroup now, supports at 1000 SAT and 900 SAT may be played before moving to 800 SAT or lower, which may create a new low for the pair. For now, the daily outlook remains bullish as the Relative Strength Index (14) moves close to the 70 level to suggest more bullish signals.

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