Strong Bullish Trend and Range Breakout: Ethereum Classic (ETC) displays a robust bullish trend, culminating in a range breakout.
Breakout Rally Towards $25: The ETC price shows signs of a strong breakout rally with a target of reaching $25.
Potential to Reach $30: If ETC sustains its current momentum, it can potentially ascend to the $30 mark.
Bullish Comeback in December: ETC makes a bullish comeback, contributing to its 38% year-to-date growth.
Influence of Bitcoin and Ethereum's Rise: The rise in Bitcoin and Ethereum's prices positively affects Ethereum Classic's market trend.
Rounding Bottom Pattern in Daily Chart: The recovery rally follows a rounding bottom pattern, indicating trend continuation.
Increase in Trading Volume: A significant rise in trading volume suggests increasing demand for ETC.
Crossing Long-term Barrier at $20: ETC crosses a crucial long-term barrier at $20, signaling a bullish breakout.
16.26% Jump in Seven Days: ETC experiences a notable 16.26% increase in the past week.
Current Trading Price: ETC is trading at $21.52, up by 5.87% intraday.
Technical Indicators - MACD and EMA: The MACD indicates a bullish crossover, and a golden crossover in EMAs suggests a trend reversal.
Risk of Decline to $17: A failure to maintain momentum could lead to a retest of the $17 level.
Breakout Rally Towards $25: The ETC price shows signs of a strong breakout rally with a target of reaching $25.
Potential to Reach $30: If ETC sustains its current momentum, it can potentially ascend to the $30 mark.
Bullish Comeback in December: ETC makes a bullish comeback, contributing to its 38% year-to-date growth.
Influence of Bitcoin and Ethereum's Rise: The rise in Bitcoin and Ethereum's prices positively affects Ethereum Classic's market trend.
Rounding Bottom Pattern in Daily Chart: The recovery rally follows a rounding bottom pattern, indicating trend continuation.
Increase in Trading Volume: A significant rise in trading volume suggests increasing demand for ETC.
Crossing Long-term Barrier at $20: ETC crosses a crucial long-term barrier at $20, signaling a bullish breakout.
16.26% Jump in Seven Days: ETC experiences a notable 16.26% increase in the past week.
Current Trading Price: ETC is trading at $21.52, up by 5.87% intraday.
Technical Indicators - MACD and EMA: The MACD indicates a bullish crossover, and a golden crossover in EMAs suggests a trend reversal.
Risk of Decline to $17: A failure to maintain momentum could lead to a retest of the $17 level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.