Ethereum Classic (ETC/USD) is at a pivotal moment, with the potential for significant movement in either direction based on current technical patterns. Here's a detailed outlook:
Key Scenarios:
Bullish Case:
The price is forming higher highs and higher lows, indicating an emerging bullish structure.
A breakout above $77.45 (Fibonacci resistance) could signal a continuation toward $77.45, representing a potential upside of approximately +207% from the current level of $25.25.
Momentum indicators suggest growing buying interest, supported by increased volume in recent sessions.
Bearish Case:
A failure to hold current levels could push ETC into a deeper pullback phase, with potential for consolidation before resuming upward momentum.
Key Levels to Watch:
Resistance Levels: $77.45 (major breakout zone).
Goal Target: $77.45 (+207% potential upside).
Conclusion:
Ethereum Classic is at a make-or-break level. A successful breakout above $77.45 could trigger a strong bullish rally, with the next target at $77.45 (+207%). Watch this level closely to confirm the trend direction and momentum.
📢 Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult a professional before making trading decisions. 🛑
Key Scenarios:
Bullish Case:
The price is forming higher highs and higher lows, indicating an emerging bullish structure.
A breakout above $77.45 (Fibonacci resistance) could signal a continuation toward $77.45, representing a potential upside of approximately +207% from the current level of $25.25.
Momentum indicators suggest growing buying interest, supported by increased volume in recent sessions.
Bearish Case:
A failure to hold current levels could push ETC into a deeper pullback phase, with potential for consolidation before resuming upward momentum.
Key Levels to Watch:
Resistance Levels: $77.45 (major breakout zone).
Goal Target: $77.45 (+207% potential upside).
Conclusion:
Ethereum Classic is at a make-or-break level. A successful breakout above $77.45 could trigger a strong bullish rally, with the next target at $77.45 (+207%). Watch this level closely to confirm the trend direction and momentum.
📢 Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult a professional before making trading decisions. 🛑
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.