Ethereum Classic Technical Analysis: The ETC/USD price consolidates in the EU/US session
|- Ethereum Classic is trading 1.18% lower after the recent crypto gains take a breather.
- The price is heading to the 55 EMA which has been used as support in the past.
ETC/USD 4-Hour Chart
The 4-hour chart below shows that the price of ETC/USD is consolidating following recent gains.
The price has made a lower high wave and now the previous wave low of 4.71 is under threat.
There are a few things in the way of support nearby.
The 55 EMA has acted as support in the past on the chart and there is a trendline close to price too.
Beyond that, the next major psychological level is 4.00.
 (9)-637140985675508448.png){kind=link}
Additional Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.