ETC/USD has recovered some losses during the trading session on Monday. Despite the recovery, it is still down over 9% on a day-to-day basis. Ethereum Classic, now the 18th largest digital asset with the current market value of $805 million, has lost over 9% in the recent 24 hours to trade at $6.93 at the time of writing. ETC/USD has been moving in sync with the market, gripped by massive sell-off and panic. However, the coin has been one of the best-performing coins on Monday. Since the beginning of the day, ETC/USD has recovered from Sunday’s low of $6.28 and gained over 6% since the beginning of the day. ETC/USD: Technical picture On the intraday charts, ETC/USD has been moving in a side-channel with bullish bias. The price settled above the middle lines of 1-hour and 30-min Bollinger Bands and moved towards the next critical resistance created by $7.00. This line is reinforced by SMA50 30-min located on approach; however, once it is out of the way, the recovery may gain traction with the next focus on $7.30 (SMA100 daily) and $7.40 (SMA50 1-hour). Notably, an upward-looking RSI on 1-hour chart implies further gains in the short run. Stronger resistance is created by SMA100 1-hour at $7.80 and psychological $8.00. On the downside, the vital support is created by Sunday’s low of $6.28. It is closely followed by SMA200 daily at $6.25. This area stopped the sell-off on the weekend and thus it should be regarded as a powerful backstop for ETC. If it is broken, the price will continue tumble towards psychological $6.00 and $5.30, which is the upper boundary of the [revious consolidation channel. 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 Germany’s Merkel: Government will provide high level of liquidity to companies FX Street 3 years ETC/USD has recovered some losses during the trading session on Monday. Despite the recovery, it is still down over 9% on a day-to-day basis. Ethereum Classic, now the 18th largest digital asset with the current market value of $805 million, has lost over 9% in the recent 24 hours to trade at $6.93 at the time of writing. ETC/USD has been moving in sync with the market, gripped by massive sell-off and panic. However, the coin has been one of the best-performing coins on Monday. Since the beginning of the day, ETC/USD has recovered from Sunday's low of $6.28 and gained over 6%… 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.