Technical Analysis : Ethereum Classic

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Ethereum Classic





ETC/USD, 4-Hour Chart Analysis




ETC continued to lag the other majors during the sell-off, as it plunged back in the previously dominant declining trend after the strong initial post-crash rally. The deep correction means that the coin is now back near the $23 level, and long-term investors could once again add to their positions, while traders should wait for signs of relative strength before entering trades. Primary support is now at $20, while resistance above $23 is at $25, $27, and $30.

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