•ETC/USD is currently transacting at $22.53 and has increased by 1.52% over the past day
•Volumele de tranzacționare au scăzut cu 29.70% în ultima zi
•Indicatorii tehnici sugerează o perspectivă pozitivă pe termen scurt
Short Term View: Technical indicators vindicate the bullish sentiments for Ethereum Classic Token
The Ethereum Classic price today is $22.53 USD with a 24-hour trading volume of $535,292,357 USD. Ethereum Classic Token is up 1.52% in the last 24 hours. The trading volumes have decreased over the past day whereas the Volume to Market Cap Ratio stands at 0.176 for the asset.
Ethereum Classic has depicted choppy price action over the past few days as it trades above the 50 SMA but below the 20 SMA on the four hour chart. Today’s price action has provided some respite to the investors as Ethereum Classic Token is showing signs of improvement. The bulls are currently attempting to defend the $20 support level, which is of utmost importance to them. If the price turns up from current levels and breaks above the 20-day SMA, it will indicate that the ETH/USD pair may have bottomed out. On the flip side, the resistance for the asset resides at $25 in the event of the continuation of the uptrend.
Long Term View for Ethereum Classic Token
The technical indicators for Ethereum Classic have provided some relief to the investors as the RSI has recovered from the oversold levels. The RSI is currently transacting at 44.83, thus giving off a neutral signal. The presence of green histograms comes as a result of bullish endeavors which have borne fruit in recent days. The MACD and signal lines are gaining traction as well as they continue to head towards the zero mark.
Concluzie
The technical indicators provide a basis for the Ethereum Classic bulls to overcome the bears and go on a sustained rally. The next couple of days will provide us with an insight into the future course of the coin.
Suport: $ 20- $ 15
Rezistență: $ 25- $ 30
Declinare a responsabilităţii
Părerile și opiniile exprimate de autor sau de orice persoană menționată în acest articol sunt doar pentru idei informative și nu stabilesc sfaturi financiare, de investiții sau de altă natură. Investiția în sau tranzacționarea activelor cripto implică un risc de pierdere financiară.
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Source: https://www.thecoinrepublic.com/2022/05/28/etc-price-analysis-will-ethereum-classic-bulls-falter-or-is-this-the-start-of-an-uptrend/