Ethereum Classic Price Technical Analysis – ETC Eyeing Breakdown
Ethereum classic price managed to correct higher recently, but remained below a major resistance area, which poses a risk of losses in ETC. Key Highlights. Ethereum classic price managed to recover a few points against Bitcoin, but may fail to sustain gains. There is a support trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may be cleared by sellers moving ahead. A break below the trend line support may ignite a breakdown in ETC/BTC in the short term. Ethereum Classic Price Support. Ethereum classic price ETC after trading as low as 0.0025BTC versus the BTC....
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Ethereum classic price broke down against bitcoin, and cleared a major support area to signal further losses in the near term. Key Highlights. Ethereum classic price broke down against Bitcoin, as I forecasted in yesterday’s post. Moreover, the highlighted support trend line on the hourly chart of ETC/BTC (data feed via Simplefx) was broken to open the doors for declines. The price is currently testing a short-term support, which can be cleared moving ahead. Ethereum Classic Price Breakdown. Ethereum classic price ETC found sellers intraday against Bitcoin and traded lower. In yesterday’s....
Ethereum classic price faced a lot of offers recently versus Bitcoin, and it may continue to face sellers in the near term. Key Highlights. Ethereum classic price continued to weaken against Bitcoin and looks set for more losses moving ahead. There is a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may act as a hurdle if the price recovers. It looks like the ETC may decline further and test the all-important 0.0020BTC level. Ethereum Classic Price Decline. Ethereum classic price failed to move higher against Bitcoin and traded lower. In my last....
Ethereum classic price downside move extended yesterday, and there was a sharp downside move against the Bitcoin towards the 0.00150BTC. Key Highlights. Ethereum classic price continued its slide versus the Bitcoin, and declined towards 0.00150BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a barrier and ignited a downside move. There is another steep bearish trend line formed on the same chart to stop the upside. Ethereum Classic Price Collapse. Ethereum classic price continued to decline, and a minor correction yesterday....
Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows. Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator.Ethereum price risks technical breakdownThe ETH/BTC chart has been forming a bear flag since early June 2022 on the three-day timeframe.In detail, bear flags are considered bearish continuation patterns that form as the price consolidates higher inside a range defined by two....
Ethereum Price Key Highlights. Upon breaking below the bottom of the rising wedge consolidation pattern recently, ethereum price has its sights set on new lows. Technical indicators suggest that the selloff is gaining traction but that a pullback to the broken support zones might still be possible. Ethereum price is eyeing further downside and might be ready to test the yearly lows as seen on the 4-hour time frame. Bearish Pressure Rising. Bitcoin price has broken to the upside of its consolidation pattern, which may have been partly to blame for the downside break in ETHXBT. The chart....