According to the Ethereum Classic technical analysis, ETC prices exceed the 100-day SMA as the bull run gains momentum, teasing a price jump to the $34 mark. Key Technical Points: The ETC prices jumped by 24.65% in the last 24 hours. The market value of Ethereum Classic surpasses the 100-day SMA. The 24-hour trading volume of Ethereum Classic is $403 Million, indicating a drop of 10%. Past Performance of ETC Ethereum Classic (ETC) price reverses from the $13.3 support level to exceed the 50 and 100-day SMA, accounting for a 95% jump in the last ten days. As we mentioned in our previous article, the $24 resistance level has been a crucial obstacle that the current bull run has defeated. Furthermore, the bull run retests the 100-day SMA and prepares to exceed the 200-day SMA at $28. Source – Tradingview Ethereum Classic (ETC) Technical Analysis The Ethereum Classic (ETC) prices remain within the 50 and 100-day SMA, but the increasing demand and improving market conditions tease a bullish breakout. However, the trading volume showcases a lack of bullish support with the declining trend. The RSI indicator reflects a sustains in the overbought zone reflects a boom in the underlying bullishness. However, the slope declines within the zone, reflecting a slight weakness in bullish sentiments. Furthermore, the MACD indicator showcases the fast and slow lines display a bullish trend in the positive zone, reflecting an increase in buying...
