{"id":183449,"date":"2018-10-16T04:30:39","date_gmt":"2018-10-16T08:30:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/ethereum-classic-price-analysis-etc-usd-eyeing-upside-break-above-10\/183449"},"modified":"2021-08-05T13:36:54","modified_gmt":"2021-08-05T17:36:54","slug":"ethereum-classic-price-analysis-etc-usd-eyeing-upside-break-above-10","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-classic-price-analysis-etc-usd-eyeing-upside-break-above-10","title":{"rendered":"Ethereum Classic Price Analysis: ETC\/USD Eyeing Upside Break Above $10"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h3>Key Highlights<\/h3>\n<ul>\n<li>Ethereum classic price is forming a decent support base near the $9.20 level against the US dollar.<\/li>\n<li>There is an ascending channel formed with support at $9.35 on the hourly chart of the ETC\/USD pair (Data feed via Kraken).<\/li>\n<li>The pair is likely to move higher and it could even break the $10.00 resistance in the near term.<\/li>\n<\/ul>\n<p><em>Ethereum classic price is positioning for a recovery against the US Dollar and Bitcoin. ETC\/USD could gain traction once it breaks the $10.00 resistance.<\/em><\/p>\n<h3>Ethereum Classic Price Analysis<\/h3>\n<p>There was a <a href=\"https:\/\/www.newsbtc.com\/2018\/10\/11\/ethereum-classic-price-analysis-etc-usd-accelerating-losses-below-10\/\" target=\"_blank\" rel=\"noopener\">break below the $10.00 support<\/a> this past week in ETC price against the US dollar. The ETC\/USD pair traded below the $9.20 and $9.00 support levels. A new monthly low was formed at $8.92 before the price started an upside correction. The price moved above the $9.00 level and the 100 hourly simple moving average. There was also a break above the 23.6% Fib retracement level of the last drop from the $10.80 high to $8.92 low.<\/p>\n<p>The price traded above the $9.80 level, but it failed to clear the $10.00 resistance. Moreover, there was a rejection near the 50% Fib retracement level of the last drop from the $10.80 high to $8.92 low. The price retreated and it is currently trading above the $9.20 support. It seems like there is an ascending channel formed with support at $9.35 on the hourly chart of the ETC\/USD pair. The pair may slowly continue to <a href=\"https:\/\/www.newsbtc.com\/2018\/10\/16\/ethereum-price-analysis-eth-usd-holding-gains-above-200\/\" target=\"_blank\" rel=\"noopener\">move higher<\/a> and it could break the channel resistance at $9.85. Above the channel, the price will most likely break the $10.00 resistance.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-354021\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/10\/Ethereum-Classic4.png\" alt=\"Ethereum Classic Price Analysis ETC Chart\" width=\"1828\" height=\"899\" \/><\/p>\n<p>The <a href=\"https:\/\/www.tradingview.com\/symbols\/ETCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">chart<\/a> suggests that ETC price is forming a solid support above $9.20. As long as buyers hold the $9.35 and $9.20 supports, there could be an upward move towards $10.00 or $10.50.<\/p>\n<p>Hourly MACD \u2013 The MACD for ETC\/USD is slowly moving in the bullish zone.<\/p>\n<p>Hourly RSI \u2013 The RSI for ETC\/USD is moving higher towards the 60 level.<\/p>\n<p>Major Support Level \u2013 $9.20<\/p>\n<p>Major Resistance Level \u2013 $10.00<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"https:\/\/www.newsbtc.com\/2018\/10\/16\/ethereum-classic-price-analysis-etc-usd-eyeing-upside-break-above-10\/\" rel=\"nofollow\">Ethereum Classic Price Analysis: ETC\/USD Eyeing Upside Break Above $10<\/a> appeared first on <a href=\"https:\/\/www.newsbtc.com\/\" rel=\"nofollow\">NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">&nbsp; Key Highlights Ethereum classic price is forming a decent support base near the $9.20 level against the US dollar. There is an ascending channel <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/ethereum-classic-price-analysis-etc-usd-eyeing-upside-break-above-10\" title=\"Ethereum Classic Price Analysis: ETC\/USD Eyeing Upside Break Above $10\">[&#8230;]<\/a><\/div>","protected":false},"author":168,"featured_media":183452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-183449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Classic Price Analysis: ETC\/USD Eyeing Upside Break Above $10 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"ETC price is positioning for a recovery against the US Dollar and Bitcoin. 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