Ethereum Classic Price Forecast: ETC/USD lacks healthy support – Confluence Detector

Rajarshi Mitra Independent Analyst

ETC/USD daily confluence detector

ETC/USD bears took the price down from $6.85 to $6.43. As per the daily confluence detector, there is a lack of healthy support levels, which shows that further price drops can be expected. On the upside, we have two strong resistance levels at $6.77 and $6.80.

$6.77 has the daily Pivot Point one support-one and one-day SMA 200. Up next, the $6.80-level has the one-month Fibonacci 38.2% retracement level.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.