ETC/USD Trades Near $20 Resistance

The Ethereum Classic price prediction reveals that ETC needs to pull above the $20 resistance level quickly to deny the bears to enter the market.

Ethereum Price Prediction Statistics Data:

• Ethereum Classic price now – $18.19
• Ethereum Classic market cap – $2.5 billion
• Ethereum Classic circulating supply – 138.7 million
• Ethereum Classic total supply – 210 million
• Ethereum Classic Coinmarketcap ranking – #25

ETC/USD Market

Key Levels:

Resistance levels: $25, $27, $29

Support levels: $13, $11, $9

ETC/USD is hovering above $18 as the coin prepares to gain more bullish signals. The movement to the upside has not allowed the market to bow to the selling activity under $19 early this morning. At the moment, Ethereum Classic (ETC) is likely to cross above the upper boundary of the channel.

Ethereum Classic Price Prediction: Would ETC Price Move Above $20?

The Ethereum Classic price heads to the upside as the coin hits the daily high of $18.31. Looking at the daily chart, the $15 remains to be a key support zone and if it is broken, the sell-off may be extended toward the $14 support level. Currently, the price of the coin is changing hands at the $18.19 level, and the bulls are making effort.

In other words, any reversal toward the lower boundary of the channel may welcome the bears back into the market and the price could meet the critical supports at $13, $11, and $9. More so, the technical indicator Relative Strength Index (14) is moving above the 60-level which indicates the continuation of the bullish trends and further resistance could be found at the $25, $27, and $29 levels.

Against BTC, the daily chart shows that the Ethereum Classic price is trading well in a strong uptrend around 1079 SAT. If the price stays above the 9-day and 21-day moving averages, there is a possibility that additional bullish movement in the long term. If the price keeps rising, it could even break the 1300 SAT and above in future sessions.

Meanwhile, if the bears regroup now, the 1000 SAT and 900 SAT supports may play out before rolling to 800 SAT and below, this may create a new low for the pair. At the moment, the daily outlook is still bullish as the Relative Strength Index (14) moves close to 70-level to suggest more bullish signals.

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