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Ethereum Classic Price Analysis: 2.5% lower on the session just below psychological level

  • Ethereum Classic is trading lower as crypto sentiment remains weak on Wednesday.
  • There are two key levels to watch and a break could help figure out the future direction of price.
Ethereum Classic Price Analysis: 2.5% lower on the session just below psychological level
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETC/USD 4-Hour Chart

On the topside, the psychological 10.00 level is now key for the bulls.

If it breaks it could indicate we might head back to the highs.

On the downside, 8.742 is the short term support that the market needs to watch.

Even if 10.00 breaks for the bulls 11.00 is the next level where the bulls might meet resistance.

Ethereum Classic

Additional Levels

ETC/USD

Overview
Today last price9.5529
Today Daily Change-0.3116
Today Daily Change %-3.16
Today daily open9.8645
 
Trends
Daily SMA2011.436
Daily SMA508.8644
Daily SMA1006.4858
Daily SMA2006.0114
 
Levels
Previous Daily High10.0222
Previous Daily Low9.1905
Previous Weekly High13.0525
Previous Weekly Low11.2822
Previous Monthly High12.8687
Previous Monthly Low4.1882
Daily Fibonacci 38.2%9.7045
Daily Fibonacci 61.8%9.5082
Daily Pivot Point S19.3627
Daily Pivot Point S28.8608
Daily Pivot Point S38.5311
Daily Pivot Point R110.1943
Daily Pivot Point R210.524
Daily Pivot Point R311.0259

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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