Ethereum Classic price gives in to selling pressure, testing immediate support at $17.00. Technical indicators sending bearish signals, lower corrections will dominate in the short-term. Ethereum Classic price has been among the few if not the only digital currency in the top 20 bracket that has been maintaining the fireworks for two weeks now. However, a fall or to be a subtle an equilibrium was bound to happen sooner or later. ETH/USD had broken the bullish ascending channel support and is currently trading below the broken support at $17.50. The crypto has been breaking barriers on the upside in the last couple of weeks. There was a breakout at $15.00 which opened the door for more corrections overcoming the selling pressure at $17.00 and $18.50. The price also tested the key resistance area explored in the price analysis on Monday. The Bulls lacked the momentum to attack $19.00 (current breakout zone). The sellers are currently seeking equilibrium which has led to a slide testing the support at $17.00. The indicators like the stochastic and the RSI are in the oversold territory, while the bear momentum will continue in the near-term. There are several other support areas (former resistance levels) highlighted by the Fib retracement levels. The 61.8% Fib level will halt declines if the immediate support at $17.00 is broken. ETC/USD 1-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 Without an imminent fall of May’s government, GBP/USD can target 1.3355 Yohay Elam 4 years Ethereum Classic price gives in to selling pressure, testing immediate support at $17.00. Technical indicators sending bearish signals, lower corrections will dominate in the short-term. Ethereum Classic price has been among the few if not the only digital currency in the top 20 bracket that has been maintaining the fireworks for two weeks now. However, a fall or to be a subtle an equilibrium was bound to happen sooner or later. ETH/USD had broken the bullish ascending channel support and is currently trading below the broken support at $17.50. The crypto has been breaking barriers on the upside in the… Top 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.