Long-term price forecast for Ethereum Classic (ETC)


Ethereum Foundation (ETH) donates $ 150,000 USD to Ethereum Classic (ETC)

Long-term trend ETC / USD: bearish.

Resistance levels: $ 14, $ 16, $ 18
Support levels: $ 6, $ 4, $ 2.

The ETC / USD pair had been bearish in the last two weeks of November. On 1 November, the crypt had an initial balance of $ 9.06. On 6 November, the digital currency reached a maximum of $ 10.04. The price of the following day resisted and broke the 12-day EMA and the 26-day EMA. Because the cryptography is lower than the exponential moving averages, the price has further depreciated to a minimum of $ 7.49.

The 12-day EMA acted as a resistance to the price of the classic of Ethereum. However, the price of ETCs is lower than the 12-day EMA and 26-day EMA, indicating that there is a downward trend. The stochastic indicator has reached the range below 20, which indicates that the price momentum is strong on the downside. There is a tendency for the digital currency to continue its fall.

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