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Ethereum Classic Price Prediction for Today, October 12: ETC/USD Could Break Above $25 Resistance

Ethereum Classic Price Prediction for Today, October 12: ETC/USD Could Break Above $25 Resistance
Ethereum Classic Price Prediction for Today, October 12: ETC/USD Could Break Above $25 Resistance

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The Ethereum Classic price prediction shows that ETC is beginning to restart the uptrend after trading below the moving averages.

Ethereum Classic Prediction Statistics Data:

  • Ethereum Classic price now – $24
  • Ethereum Classic market cap – $3.2 billion
  • Ethereum Classic circulating supply – 136 million
  • Ethereum Classic total supply – 210 million
  • Ethereum Classic Coinmarketcap ranking – #23

ETC/USD Market

Key levels:

Resistance Levels: $34, $36, $38

Support Levels: $16, $14, $12

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ETC/USD is trying to look green at the time of writing as the price hovers around the resistance level of $24.0. However, a daily close above the daily high of $24.5 may increase the Ethereum Classic price to $25.0. Traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions.

Ethereum Classic Price Prediction: Price May Begin to Break Higher

In the past few days, after the Ethereum Classic price crossed below the 9-day moving average, ETC/USD has been looking forward to breaking to the upside. Meanwhile, the daily chart reveals that if the 9-day moving average remains below the 21-day moving average, the coin may head to the downside.

Nevertheless, the bears may take advantage to break below the lower boundary of the channel if the bulls fail to move the price upward and the technical indicator Relative Strength Index (14) is likely to move into the oversold region. Therefore, if the Ethereum Classic price crosses above the moving averages, it could hit the resistance levels of $34, $36, and $38 but facing the south may bring the price to the supports at $16, $14, and $12.

Against Bitcoin, the Ethereum Classic price is hovering below the 9-day moving average. However, intraday trading is ranging as the coin moves around the lower boundary of the channel, breaking above the 9-day and 21-day moving averages could push the coin to the resistance level at 1800 SAT and above.

ETCBTC – Daily Chart

On the contrary, if the sellers bring the market to the south, traders can expect a fall below the channel, breaking below this barrier may hit the support at 1000 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) moves within the oversold region, suggesting sideways movement.

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