Ethereum Classic Price Stumbles Again! Will ETC Price Retest Its Low Soon?
TradingView: ETC/USDT After trading in a consolidated range between $17.71 and $20 for over two weeks, the bulls regained power and broke out of the range. The ETC price jumped 12.5% in value before facing rejection at its important resistance level of $23.45, indicating a strong liquidation point at that level. The bulls then lost momentum and started trading under a bearish influence and have recorded a correction of over 13% in value since its top. The technical indicator, MACD, displays a rising red histogram, indicating a stronger selling-over-buying pressure in the market. Further, the averages show a sharp fall in the chart, suggesting the price will continue experiencing a correction in value in the coming days. Will ETC Price Rise Again? If the bulls hold the price above the support level of $20, the price may regain momentum and prepare to test its resistance level at $21.62. Further, if the bulls hold the price at that level, it will set the stage for the Ethereum Classic price to test its upper resistance level of $22.50 in the coming days. Conversely, if the bears continue to gain control over the market, the price will fall and test its support level of $18.94. Moreover, if the bears continue




