- The emerald project will improve the standing of Ethereum Classic both on the charts and in the blockchain space.
- ETC/USD to find support at $20-$21; the moving averages could hold the price towards $19.00.
Ethereum Classic price is seeking higher consolidations above $21 on Tuesday. ETC/USD has been correcting higher in the past few days even breaking above the resistance level at $20. The crypto is up over 6% in the last 24 hours, while it has formed a short-term support at $21.5.
Ethereum Classic has is counting the days to the release a beta version of the Emerald wallet on April 30. The purpose of the wallet is to improve user experience where transactions are verified in a trustless manner. The Emerald project is however not only about the wallet but also launching a common platform to be used by Dapps developers on its blockchain. This project is set to improve the standing of Ethereum Classic both on the charts and the blockchain space.
Technically, Ethereum price is dancing with $21.6, at the same time, there is a bearish trend forming on the hourly chart. Indicators are pointing towards an intraday bearish momentum. The gap between the moving averages is widening signalling that the path of least resistance is to the downside. Besides, the MACD is pulling towards the negative region to confirm that the bears have the upper hand. ETC/USD will find support at $20 -$21 area; similarly, the moving averages will provide more support towards $19.00.
ETC/USD hourly chart
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