Ethereum Classic (ETC/USD) is moving within the short-term downside trend. The critical resistance is located on the approach to $4.60. Ethereum Classic, now the 23rd largest digital asset with the current market value of $556 million, has lost 1.1% in recent 24 hours, moving in sync with the market. An average daily trading volume settled at $635 million, in line with the trading activity. ETC/USD, the technical picture ETC/USD bottomed at $4.78 on Thursday, which is the lowest level since November 8, and retreated to $4.8 by the time of writing. Looking technically, the coin’s upside momentum is capped by SMA50 (Simple Moving Average) 1-hour at $4.86 followed by SMA100 1-hour at $4.90. This technical barrier separates us from psychological $5.00. Once it is cleared, the upside is likely to gain traction with the next focus on the recent high of $5.40. This resistance is created by SMA100 daily. On the downside, keep an eye on $4.73. This support area is strengthened by SMA50 daily and the lower line of the Bollinger Band on a 1-hour chart. If it is broken, the sell-off may continue towards $4.63 (the lower line of the daily Bollinger Band) and $4.00 ( October 23 low). 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 China’s digital currency aims at taking on the US dollar: Binance CEO Changpeng Zhao FX Street 3 years Ethereum Classic (ETC/USD) is moving within the short-term downside trend. The critical resistance is located on the approach to $4.60. Ethereum Classic, now the 23rd largest digital asset with the current market value of $556 million, has lost 1.1% in recent 24 hours, moving in sync with the market. An average daily trading volume settled at $635 million, in line with the trading activity. ETC/USD, the technical picture ETC/USD bottomed at $4.78 on Thursday, which is the lowest level since November 8, and retreated to $4.8 by the time of writing. Looking technically, the coin's upside momentum is capped… 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.
