Ethereum Classic has sustained recovery from Match lows around $4.00 to the current levels above $7.00. ETH/USD in the hands of the bulls on Friday; more volatility expected in the Asian session. Ethereum Classic is leading the cryptocurrency in recovery after posting gains of more than 4% on the day. The rest of the cryptocurrency market is mixed red and green. For example, Bitcoin is down 0.85% on the day while ETH/USD is up 0.21% during the same period. ETC commenced trading on Friday at $6.87. There was an upward action to $7.14 before adjusting to the current $7.11. Looking at the daily chart, the price is trading above the moving averages, both of which are offering support to Ethereum Classic at the time of writing. On the upside, ETC/USD is battling resistance at the 38.2% Fibonacci level, taken between the last swing high at $13.21 to a swing low at $3.64. All technical indicators applied to the chart show that bulls are likely to continue gaining traction against the sellers. The RSI is moving towards the overbought as a signal for a stronger bullish grip. The same bullish momentum is emphasized by the MACD stability in the positive region. On the upside, eyes are on $8.00 initially before pushing the agenda for $10.00 in the near term. ETC/USD daily 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 Roger Ver hints at potentially leaving the current Bitcoin Cash protocol FX Street 3 years Ethereum Classic has sustained recovery from Match lows around $4.00 to the current levels above $7.00. ETH/USD in the hands of the bulls on Friday; more volatility expected in the Asian session. Ethereum Classic is leading the cryptocurrency in recovery after posting gains of more than 4% on the day. The rest of the cryptocurrency market is mixed red and green. For example, Bitcoin is down 0.85% on the day while ETH/USD is up 0.21% during the same period. ETC commenced trading on Friday at $6.87. There was an upward action to $7.14 before adjusting to the current $7.11. Looking… 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.
