ETC’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $30. ETC faces a major test to trend higher above $30 after the price broke out of its descending triangle price movement. ETC’s price remains strong below the 50 and 200 Exponential Moving Averages (EMA) as it attempts to rally past these regions. Ethereum Classic (ETC) has remained strong after breaking out of its downtrend descending triangle with good volume, with the price aiming to rally to $30. The cryptocurrency market has appeared more stable this week, with significant price movements in Bitcoin (BTC) and Ethereum (ETH). This new relief rally in the cryptocurrency market has benefited smaller coins like Ethereum Classic (ETC), which has shown real strength in breaking out of its long downtrend movement. (Data from Binance) Related Reading: Hedera: A Quick Evaluation Of The Network – And How HBAR Performed This Week Ethereum Classic (ETC) Price Analysis On The Weekly Chart Although many altcoins have struggled to trend in a range market, the price of ETC has seen more of a downtrend move despite showing some price movement to the upside, which was short-lived as the price was rejected. ETC fell from an all-time high of more than $180 to a region of $41 before rallying to a high of $75; the price of ETC faced further rejection to a range low of $46, where it formed weak Support to hold sell-offs, but this...
PEPE 60% Below ATH; Time For PEPETO?
