- Ethereum Classic trades 1% higher while the likes of Ripple surge.
- The price could not manage to break 12.50 after two attempts.
ETC/USD 1-Hour Chart
Ethereum Classic is looking weak at the moment after 12.50 was rejected on two occasions today.
The price is now headed to the psychological 12.00 area after trading higher for the majority of the session.
There are three main areas of support shown on the chart. The first is the support at 12.00. The second is at the channel trendline and the last is the consolidation low at 11.36.
If the price does find support to move higher then the bulls will be looking to take out 12.50 once again.
Lastly, the sell-side intraday volume looks to be supporting a short term move lower so keep an eye there.
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Additonal Levels
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