Ethereum Classic Price Analysis: ETC/USD Remains In Downtrend

2018-11-1 10:30

Key Highlights Ethereum classic price extended losses and traded towards the $8.75 level against the US dollar. This week’s followed important bearish trend line is intact with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may recover a few points, but it is likely to face sellers near $9.20 and $9.25.

Ethereum classic price declined further against the US Dollar and Bitcoin. ETC/USD remains in a downtrend as long as the price is below $9.30.

Ethereum Classic Price Analysis

There were additional losses noted below the $9.00 support in ETC price against the US dollar. The ETC/USD pair declined towards the $8.75 level and settled below the 100 hourly simple moving average. The price traded as low as $8.74 and later started an upside correction. It moved above the 23.6% Fib retracement level of the last slide from the $9.60 high to $8.74 low.

However, the price struggled to move above the $9.00 resistance. The 100 hourly simple moving average is positioned near $9.15 to act as a resistance. Besides, the 50% Fib retracement level of the last slide from the $9.60 high to $8.74 low is also near $9.15. More importantly, this week’s followed important bearish trend line is intact with resistance at $9.25 on the hourly chart of the ETC/USD pair. Therefore, if the pair continues to move higher, it is likely to face sellers near $9.20 and $9.25. Only a close above the trend line and the $9.30 level could push the price back towards the $10.00 resistance.

The chart suggests that ETC price is following a downtrend from the $10.00 swing high. If it fails to recover above the $9.30 level, there could be renewed selling pressure. The main supports on the downside are $8.75 and $8.60.

Hourly MACD – The MACD for ETC/USD is about to move back in the bearish zone.

Hourly RSI – The RSI for ETC/USD just moved below the 50 level.

Major Support Level – $8.75

Major Resistance Level – $9.25

The post Ethereum Classic Price Analysis: ETC/USD Remains In Downtrend appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3468.35 (+1.53%)
Объем 24H $14.201b
Изменеия 24h: 0.11 %, 7d: -6.11 %
Cегодня L: $3412.03 - H: $3468.35
Капитализация $416.726b Rank 2
Цена в час новости $ 214.52 (1516.8%)

ethereum classic usd etc price pair downtrend

Источник: newsbtc.com

ethereum classic → Результатов: 126


Milei Moneda Is Storming the Gates of Crypto Fortune While Ethereum Classic and SATS Lag Behind

TLDR Some investors believe $MEDA might be the best cryptocurrency to invest in now Ethereum Classic dropped by 6.24% over the past week. SATS decreased by 2.49% in price last week. Milei Moneda has been making waves in the crypto space since the start of its presale, with some investors believing it to be a […] The post Milei Moneda Is Storming the Gates of Crypto Fortune While Ethereum Classic and SATS Lag Behind appeared first on CoinJournal.

2024-3-19 14:00


Хешрейт Ethereum Classic взлетел более чем на 220%

После миграции Ethereum на алгоритм консенсуса Proof-of-Stake хешрейт «оригинального эфира» Ethereum Classic увеличился до 210 TH/s. Суточный рост показателя составил около 223%. Однако цена криптовалюты не демонстрирует заметной реакции.

2022-9-16 14:06


Ethereum Classic (ETC) Produces A Godlike Candle, How Far Can It Go?

Ethereum Classic (ETC) produced a godlike candle as the market’s sentiments changed to bullish against tether (USDT). The crypto market has become promising as most altcoins appear bullish, coming out of their shells with the like of Ethereum Classic producing double gains ahead of the “Ethereum Merge” sentiment pulling altcoins higher.

2022-9-6 15:52


Фото:

Ethereum Classic’s hashrate reached an all-time high, should you buy ETC?

Ethereum Classic (ETC/USD) is essentially an open-source, decentralized, and blockchain-based distributed cryptocurrency and network that has support for smart contract functionality. Ethereum Classic was formed in 2016 as a result of the Ethereum community’s disagreement regarding a change with the developers surrounding its immutability, where the entire network was affected.

2022-8-23 12:57


Как долго продлится восходящее движение цены Ethereum Classic?

Цена Ethereum Classic, похоже, идёт вразрез с широко распространённым мнением о том, что после значительного роста коррекция неизбежна. Бычий тренд развернулся 18 июня, и сделал небольшую передышку только 29 июля.

2022-8-4 21:06


Ethereum Classic вырос на 65% за неделю на фоне инвестиций Antpool

Благодаря инвестициям одного из крупнейших майнинговых пулов и позитивным комментариям Виталика Бутерина цена криптовалюты Ethereum Classic (ETC) выросла на 25% за прошедшие сутки и достигла $43.

2022-7-29 12:38


Ethereum Classic по сей день считается спящим гигантом

На конференции EthCC сооснователь Ethereum Виталик Бутерин порекомендовал всем майнерам, желающим остаться работать в сетях Proof-of-Work, обратиться к сети Ethereum Classic. Бутерин подтвердил, что в его словах нет издёвки, так как Ethereum Classic — оригинальная сеть Ethereum, которая не изменилась после атаки.

2022-7-25 14:09


«Слияние» заставило инвесторов обратить внимание на Ethereum Classic

На выходных цена Ethereum Classic выросла, прибавив внушительные 47%. Причиной этого успеха может быть переход майнеров Ethereum на Ethereum Classic, что связано с приближающимся обновлением сети The Merge («Слияние»).

2022-7-19 16:43


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Classic pulls back after rally fueled by ETF approval

ETC’s price has dropped by double digits in the last week. Despite the price dip, bullish momentum remains.  Following a post-ETF-approval rally, Ethereum Classic [ETC] has begun to shed The post Ethereum Classic pulls back after rally fueled by ETF approval appeared first on AMBCrypto.

Ethereum Classic (ETC) Resumes Uptrend, Notches 13% In The Last Day

Ethereum Classic (ETC) is currently experiencing a rise in its market price, gaining 13. 99% in the last 24 hours, according to data from CoinMarketCap.   Following the ETC’s dip in the last two days, it appears the bulls have retaken control of the market, pushing the coin to trade above the $20 mark for the first time since April.

Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit

Cardano (ADA) founder Charles Hoskinson described Ethereum Classic (ETC) as a scam project whose only purpose is for insiders to dump on recruits with false hopes. Ergo not invited to proof-of-work summit The statement was made in reaction to ETC Cooperative’s refusal to invite Ergo (ERG) to a Proof of Work summit organized by it and […] The post Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit appeared first on CryptoSlate.