Ethereum Classic: Why investors must remain on the lookout for these levels - BitcoinEthereumNews.com
Pinagmulan: TradingView, ETC/USDT The recent down-chanel (yellow) retracement saw a nearly 53.64% fall while the selling spree halted at the $26-base. Before this reversal, ETC saw a lift-off from its 14-month trendline support (now resistance) (white, dashed) that fetched an over 110% ROI. Pinagmulan: TradingView, ETC/USDT The RSIs recovery from the oversold mark bashed into a ceiling at the 40-level. The bulls still needed to up their game in regards to the trading volumes to sustain a trend-altering rally on the chart. Furthermore, the CMF raised slight concerns after marking a bearish divergence with price over the last day. Its immediate resistance would cause a delayed recovery for ETC. Konklusyon The current market dynamics unequivocally blended well with the bearish narrative. So a likely devaluation towards the lower band of the BB could ignite a short-term recovery. A close above the $28-mark would be critical in determining a realistic trend-altering bull rally in the coming days. At last, the broader market sentiment and the on-chain developments would play a vital role in influencing future movements.