Ethereum Classic was stuck in a sideways grind around the $16.00–$16.50 region for several days, forming a broad base with minor fakeouts. That pattern resolved in a sharp vertical pump to $17.20, followed by an immediate fade. Currently, price is retracing back toward the old base zone. Watch the $16.50 level: holding it suggests bulls may re-accumulate, but further breakdown puts $16.10–$16.20 back in play.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.