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The Ethereum Classic price prediction reveals that ETC must quickly pull above the $20 resistance level to deny the bears entry into the market.
Ethereum Price Prediction Statistics Data:
- Ethereum Classic price now – $30.8
- Ethereum Classic market cap – $4.3 billion
- Ethereum Classic circulating supply – 145 million
- Ethereum Classic total supply – 210 million
- Ethereum Classic Coinmarketcap ranking – #21
ETC/USD Market
Key Levels:
Resistance levels: $36, $38, $40
Support levels: $22, $20, $18
ETC/USD is hovering above $30 as the coin prepares to gain more bullish signals. The movement to the upside has not allowed the market to bow to the selling activity under $26 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 Break Above $35?
The Ethereum Classic price heads to the upside as the coin hits the daily high of $32.4. Looking at the daily chart, the $25.73 remains to be a key support zone and if it is broken, the sell-off may be extended toward the $23 support level. Currently, the coin’s price is changing hands at the $30.8 level, and the bulls are making an effort.
In other words, any reversal toward the lower boundary of the channel may welcome the bears back into the market and the price could meet the critical supports at $22, $20, and $18. Moreover, the 9-day MA is likely to cross above the 21-day MA which indicates the continuation of the bullish trends and further resistance could be found at the $36, $38, and $40 levels.
ETC/BTC Heads to the Upside
Against BTC, the daily chart shows that the Ethereum Classic price is trading well in a strong uptrend around 646 SAT. If the price stays above the 9-day and 21-day moving averages, there is a possibility of additional bullish movement in the long term. If the price keeps rising, it could even break the 750 SAT and above in future sessions.
Meanwhile, if the bears regroup now, the 600 SAT and 500 SAT support may play out before rolling to 480 SAT and below, this may create a new low for the pair. At the moment, the daily outlook is still bullish as the 9-day moving average is likely to cross above the 21-day moving average to suggest more bullish signals.
Alternatives to Ethereum Classic
The Ethereum Classic (ETC) price is poised to stay above the 9-day and 21-day moving averages. Should ETC/USD surpass the upper boundary of the channel, it might encounter significant resistance around the $26 level. A decisive breakthrough beyond this point could pave the way for further gains above the $28 threshold. Additionally, the coin’s present momentum suggests an upward trajectory, indicating that it’s only a matter of time before Ethereum Classic reaches new heights.
Currently, Ethereum Classic is making significant strides in the market, boasting a market cap of $4.3 billion, which is notably impressive for a token of its size. In contrast, the presale valuation of Bitcoin Minetrix ($BTCMTX) indicates promising potential for substantial growth ahead. Despite being in its initial presale stage, $BTCMTX has already secured an impressive valuation of $8.4 million, signaling strong investor belief in its promising future.
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