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
Resistance levels: $25, $27, $29
Support levels: $13, $11, $9
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.
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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