- Ethereum Classic reversed Sunday losses in a twinkling of an eye.
- New listings helped to mitigate Friday’s blow.
Ethereum ClassiÑ recovered strongly from Sunday’s low reached at $13.15. The coin is changing hands at $14.86, however further upside may be limited as the price moves closer to 15.00 resistance.
Ethereum Classic has a market value of $1.5B and average daily volume $255M. It is most actively traded at OKEx and Bitfinex.
Two cryptocurrency exchnages – Novaexchange and CoinBene – added Ethereum Classic to their respective lists of tradable instruments. The news did not save the coin from Friday’s crash but mitigated the blow as the coin proved to be more resilient than other digital assets.
Novaexchange offers 12 crypto pairs, including Bitcoin Cash (BCH), DASH (DASH) and Ethereum (ETH). Now the clients of the exchange can perform transactions with ETC. CoinBene is a startup based in Singapore, aimed at providing global crypto trading services. It was launched in 2017 and now takes the 30th place in CoinMarketCap rating.
On the intraday level, ETHC/USD technical picture still looks gloomy as the price stays below both 100 and 200-SMA (hourly chart). The local support is created by $14.45 (50-SMA, hourly chart). followed by $14.00 handle. Once it is broken, the focus will shift onto $13.00 area. On the upside, a movement above $15.00 resistance is a must, if we want to see a sustainable recovery. It is followed by $15.22 (200-SMA) and $15.47 (100-SMA)
ETC/USD, the hourly chart
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