Ethereum Classic Price Technical Analysis – ETC/USD Upside Thrust

Key Highlights

  • Ethereum classic price gained a lot of traction and was able to move above $40.00 against the US Dollar.
  • There was a break above a key declining channel with resistance at $34.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is now placed well above the $35.00 support and looks set to gain further in the near term.

Ethereum classic price is moving higher nicely against the US Dollar and Bitcoin. ETC/USD is now well above $35.00 and it could move further higher.

Ethereum Classic Price Trend

There was a decent upside momentum forming above $30.00 in ETC price against the US Dollar. The price gained pace recently and it moved above the $35.00 and $40.00 resistance levels. The upside move was strong and the price was able to move well above $35.00 and the 100 hourly simple moving average. During the upside, there was a break above a key declining channel with resistance at $34.00 on the hourly chart of the ETC/USD pair.

A high was formed at…


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