ETC Trades Above $0.40 Level

The Ethereum Classic price prediction is seen breaking above the $0.40 resistance level as the coin touches the all-time high.

Ethereum Classic Prediction Statistics Data:

• Ethereum Classic price now – $39.8
• Ethereum Classic market cap – $5.2 billion
• Ethereum Classic circulating supply – 136.0 million
• Ethereum Classic total supply – 210.7 million
• Ethereum Classic Coinmarketcap ranking – #19

ETC/USD Market

Key Levels:

Resistance levels: $50, $55, $60

Support levels: $25, $20, $15

ETC/USD is seen refreshing to a new high as the coin spikes to the upside to trade close to the resistance level of $42. However, the coin is currently trading at $38.9 with a bullish movement towards the upper boundary of the channel. Meanwhile, if the coin crosses below the 9-day and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on the price dips.

Ethereum Classic Price Prediction: Ethereum Classic Price Ready to Gain More

The Ethereum Classic price can only maintain the uptrend if the newly touched $41.2 resistance level is maintained at all costs. At the time of writing, the technical indicator Relative Strength index (14) is within the overbought region to create more bullish signals in the market, and this could encourage more buyers to enter the market. However, Ethereum Classic (ETC) may continue to maintain an uptrend as soon as the coin crosses above the upper boundary of the channel.

Nevertheless, as long as the red line of the 9-day MA remains above the green line of the 21-day MA, the coin may continue to perform well and the price of Ethereum Classic may reach the resistance levels at $50, $55, and $60 respectively. Meanwhile, if the technical indicator decides to make a quick turn below the moving averages, there may be a slight bearish drop which could roll the market down to the support levels of $25, $20, and $15 respectively.

Against Bitcoin, the Ethereum Classic price is hovering above the 9-day and 21-day moving averages as the price touches the daily high at 1721 SAT. However, the technical indicator Relative Strength Index (14) stays within the overbought region as the coin aims for more uptrends.

Moreover, as seen on the daily chart, the potential resistance level is located at 2000 SAT and above but a lower sustainable move may likely cancel the bullish pattern which could attract new sellers coming into the market with the next focus on the support level of 1200 SAT and below.

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