Ethereum Classic Price Technical Analysis – ETC To Consolidate?
Ethereum classic price struggled during the late part of August 2016 against Bitcoin, and it may remain under pressure in the near term. Key Highlights. Ethereum classic price after an impressive run during the start of August against Bitcoin failed to sustain momentum. It looks like the ETC/BTC pair is forming a consolidation pattern on the 4-hours chart (data feed via Simplefx). On the upside, there is a major resistance near 0.0035BTC, and on the downside support lies at 0.0022BTC. Ethereum Classic Price Range. Ethereum classic price after trading as high as 0.0063BTC against Bitcoin in....
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Ethereum classic price started to trade in a range above a support area versus Bitcoin. Can buyers gain strength for a recovery? Key Highlights. Ethereum classic price after a decline against Bitcoin started to consolidate above a major support of 0.0020BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still in play and acting as a resistance. There is a minor chance of a recovery in ETC/BTC if the price continues to consolidate above 0.0020BTC. Ethereum Classic Price Support. Ethereum classic price yesterday moved down and traded....
Ethereum classic price continued to consolidate above 0.0020BTC, and it looks like it may do so for some time before a recovery. Key Highlights. Ethereum classic price remained above a major support of 0.0020BTC versus Bitcoin during the past few sessions. A long followed highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) remained in action and preventing gains in ETC. The ETC buyers need to break the trend line resistance for a recovery in the near term. Ethereum Classic Price Resistance. Ethereum classic price after declining towards the 0.0020BTC....
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....
Following strong gains during Wednesday’s session, bitcoin and ethereum both saw prices consolidate below key resistance levels. BTC remained marginally above $47,300, with ETH trading close to $3,400. The global crypto market cap was 0.48% lower as of writing.
Bitcoin
Bitcoin saw its price consolidate during Wednesday’s session, following strong gains on Tuesday, which saw BTC rise to multi-month highs.
However on Wednesday, BTC/USD fell to an intraday low of $46,746.21, as prices failed to sustain a breakout of the $48,080 ceiling.
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Ethereum classic price failed to continue trading higher against the Bitcoin, and may again trade lower in the short term. Key Highlights. Ethereum classic price looks like struggling to retain the bullish bias, and may decline soon versus the Bitcoin. There is a contracting triangle pattern formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may be cleared for a downside move. The price may once again trade towards an important support area of 0.00150BTC. Ethereum Classic Price Decline. Ethereum Classic price managed to pop higher yesterday against the Bitcoin to trade....