Ethereum Classic attempts recovery towards $8.00 but first, establishing support above $7.00 is critical. ETC/USD leads recovery among the major cryptocurrencies while Bitcoin struggles under $8,000. The crypto market has a mixture of red and green signals. Specific cryptoassets such as Ethereum Classic are recording massive gains. However, Bitcoin is stuck in losses after dropping under $8,000 on Monday. ETC/USD is up 8.63% after advancing upwards from $6.4 (opening value) to $7.00 (market value). Other crypto assets strongly in the green are Ethereum, Ripple and EOS. Ethereum Classic price found formidable support at $6.40-$6.50. The main goal among the bulls is to sustain gains above $7.00. Moreover, they should not lose sight of $8.00 and $10 seller congestion zones, respectively. From a technical point of view, ETC/USD is prime for more action upwards. The RSI has just made above the oversold. This means that oversold levels will remain at bay a while longer leaving the bulls with more room for growth. However, a bearish divergence with the MACD suggests that selling influence is not far off in the sidelines. Therefore, the buyers must establish higher support above $7.00 and pull towards $8.00. Otherwise, ETC/USD is still in danger of dropping towards $6.00. ETC/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/CHF: New 4-year lows – Commerzbank FX Street 3 years Ethereum Classic attempts recovery towards $8.00 but first, establishing support above $7.00 is critical. ETC/USD leads recovery among the major cryptocurrencies while Bitcoin struggles under $8,000. The crypto market has a mixture of red and green signals. Specific cryptoassets such as Ethereum Classic are recording massive gains. However, Bitcoin is stuck in losses after dropping under $8,000 on Monday. ETC/USD is up 8.63% after advancing upwards from $6.4 (opening value) to $7.00 (market value). Other crypto assets strongly in the green are Ethereum, Ripple and EOS. Ethereum Classic price found formidable support at $6.40-$6.50. The main goal among the bulls… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
