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Ethereum Classic (ETC) Nosedives After Running Into Trend Line Resistance

Ethereum Classic (ETC) has nosedived after running into a strong trend line resistance. The price is now expected to fall down to the 50 day moving average if not lower. We might see some consolidation short term before a possible move to the upside. That being said, this whole setup is increasingly appearing to be more bearish than ever. If the price ends up falling below the 21 day exponential moving average, it will have a hard time going up. We believe that the price is likely to remain above the 50 day moving average for now and continue to...

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Ethereum Classic (ETC) Expected To Fall Back Below $4 As Price Meets Resistance

Ethereum Classic (ETC) has been on a roll in the past 48 hours. The price has rallied aggressively towards its trend line resistance and is now expected to put up a fight to either break above or fall back within the triangle. The consolidation that we saw last time is unlikely to happen this time as a rejection at trend line resistance most often leads to a strong decline in the price of an asset. It may stall a decline till the end of the week but it is becoming increasingly clear that ETC/USD lacks the bullish momentum to continue...

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Ethereum Classic (ETC) Breaks Past Critical Resistance, Continues To Rally

Ethereum Classic (ETC) has shown a serious rise in interest especially during the bear market. While cryptocurrencies like Stellar (XLM) and Ripple (XRP) have seen a loss of interest over the past few weeks, ETC/USD has seen more money flow into it as development activity on the Ethereum Classic blockchain proceeds with rapid pace. In the past 48 hours, Ethereum Classic (ETC) has climbed past the 21 Day EMA and is now close to testing the 50 Day MA. Soon as it climbs past the 50 Day MA, it will be clear to shoot towards the 200 Day MA. As...

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Ethereum Classic (ETC) Holds Strong, Defends A Break Below 21 Day EMA

Ethereum Classic (ETC) has been trading sideways for the past five days but it can be credited with one achievement and that is holding strong above the 21 Day EMA. The price has made two attempts to break out during the past 48 hours but it has failed miserably. The daily chart for ETC/USD shows that the price is unlikely to break past the $4.2 resistance anytime soon. That being said, the price is holding strong above the 21 Day EMA and as long as it defends that level, Ethereum Classic (ETC) bulls have nothing much to worry about. RSI...

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Ethereum Classic (ETC) Remains Strong Above Key Support Levels

Ethereum Classic (ETC) is stalling a corrective move to the upside against Bitcoin (BTC) but the price remains strong above key support levels. The daily chart for ETC/BTC shows that the price has already broken out of a falling wedge and is now expected to rise towards the historical trend line resistance. This trend line resistance was only tested once last year which lead to an aggressive correction for Ethereum Classic (ETC). The price is now ready to test it once again but we have yet to see whether it will lead to another correction. This is because if the...

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