- The classic price of Ethereum is experiencing tension under the resistance from $ 11.20 and $ 11.40 against the US dollar.
- There is a direct decline with resistance to $ 11.00 on the hourly profile of ETC / USD (Information Feed by Kraken).
- The pair remains at risk of further declines provided it is below the resistance of $ 11.00 and $ 11.20.
Ethereum Classic Price as a late-found support against the US dollar and bitcoin. ETC / USD is recovering, however the rises could be exceeded by $ 11.00 and $ 11.20.
Ethereum Classic Price Resistance
There was a 'disadvantage expansion in Ethereum classic price under $ 11.00 support territory against the US dollar. The pair ETC / USD decreased below support levels $ 10.50 and $ 10.25. He traded from $ 10.15 before the buyers showed up. Later, there was an upward remedy and the Ethereum Classic price returned above $ 10.50. There was also a pause on the half-Lie retracement level of the last decrease, from $ 11.49 up to $ 10.15 down.
In any case, the upward move was surmounted by the resistance zone of $ 11.00. Furthermore, the Lie retracement level of 61.8% of the last decay from the low of $ 11.49 to the low of $ 10.15 has halted the upward move. There is also a declining deviation set with resistance to $ 11.00 on the hourly chart of the pair ETC / USD . Beyond the channel resistance, the 100-hour SMA is approached at the $ 11.10 level. In this way, it seems that it is not easy for buyers to zero the resistance levels of $ 11.00, $ 11.10 and $ 11.20. In the event that there is a net decrease, the $ 10.40 level is an underlying support.
Chart recommends Ethereum Classic Price could slip again in case you fail to overcome the resistance of $ 11 , 20. Over $ 11.20, the ETC price could rise back to $ 11.80 and $ 12.00 short-term levels.
MACD time – MACD for ETC / USD is marginally set in the bullish zone.
RSI timetable – The RSI for ETC / USD is currently moving lower towards level 50.
Real Support Level – $ 10.40
Royal Resistance Level – $ 11.20