Bullish
Ethereum Classic (ETC) maintains bullish trend after 11% daily correction.
Ethereum Classic (ETC) experienced an 11% correction from $9.68 to $8.60, yet its bullish structure remains intact following a 36.5% rally in less than a week. The Chaikin Money Flow indicator is above +0.05, indicating capital inflows, and the Moving Average Convergence Divergence indicator shows upward momentum. Key support and resistance levels are identified at $7.09 and $9.20, respectively.
Key points
- ETC's higher-timeframe bullish structure remains intact after a 36.5% rally in less than a week.
- The 11% daily correction from $9.68 to $8.60 occurred during a broader market pullback.
- The Chaikin Money Flow indicator is above +0.05, indicating capital inflows.
- The Moving Average Convergence Divergence indicator shows upward momentum.
Sources
AI-generated from public news sources. Not financial advice.
