- Ethereum Classic has turned from leaders to outsiders.
- The next critical support is $14.00.
Ethereum ClassiÑ is changing hands at $14.45, the coin has lost everything it gained at the beginning of the week, turning quickly from the growth leader to the worst performer. Ethereum ClassiÑ lost over 2% since the beginning of the day and nearly 9% in recent 24 hours.
Ethereum Classic, currently the 16th largest coin, has the market value of $1.4B and average daily volume $233M. It is most actively traded at OKEx and Bitfinex.
Ethereum Classic technical picture
On the daily chart, ETHC/USD is capped by $15.89 resistance, created by 50-DMA. This area proved to be too strong for the bulls and attracted new sellers, which triggered a strong sell-off on Tuesday. A sustainable movement below $15.00 handle darkens the technical picture for ETC, opening the way towards the next support at $14.00. Of it is cleared, Sunday’s low at $13.15 will come into focus.
ETC/USD, the daily chart
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