Ethereum Classic (ETC) has been in recovery mode on Friday. The coin is positioned for a long-term growth after a technical correction. Ethereum Classic (ETC) resumed the recovery on Friday and grew by over 5% in a matter of hours, At the time of writing, ETHC/USD is changing hands at $7.32, which is over 3% higher from this time on Thursday. Ethereum Classic takes the 21st place in the global cryptocurrency market rating with the current market value of $853 million and an average daily trading volume of $854 million. ETC/USD: Technical picture On the daily charts, ETC/USD recovery stalled on approach to the upper line of the daily Bollinger Band at $7.45. This local barrier is followed by a stif psychological resistance of $7.50 and the previous recovery high of $7.54. This area needs to be taken off for the recovery to gain traction. Once this happens, $8.00 will come into focus. Considering the upward-looking RSI on the daily and weekly chart, the coin is moving within the bullish trend, however, the short-term picture implies the correction towards $7.00. This psychological barrier is reinforced by 200-daily SMA, also, it limited the sell-off on numerous occasions during this week. If it is broken, the sell-off may gain traction with the next focus on 100-day SMA at $6.50. 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 USD/JPY: Chart: A Weekly Close Below 105.39/104.47 To Confirm A Descending Triangle Towards 100.72 – BofA Kenny Fisher 3 years Ethereum Classic (ETC) has been in recovery mode on Friday. The coin is positioned for a long-term growth after a technical correction. Ethereum Classic (ETC) resumed the recovery on Friday and grew by over 5% in a matter of hours, At the time of writing, ETHC/USD is changing hands at $7.32, which is over 3% higher from this time on Thursday. Ethereum Classic takes the 21st place in the global cryptocurrency market rating with the current market value of $853 million and an average daily trading volume of $854 million. ETC/USD: Technical picture On the daily charts, ETC/USD recovery stalled… 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.
