#ETHOnTheRise

As Ethereum Classic reached a price high of $33.20, bullish sentiment has clearly taken root within the market. The formation of a Golden Cross, where the 50-day moving average crosses above the 200-day moving average, is a strong technical signal often interpreted as a bullish reversal. Analyzing ETC’s price movements shows a clear upward trend supported by technical advancements.

The Bollinger Bands also indicate expanding volatility, which suggests that the asset could continue to experience price fluctuations in the positive direction. Meanwhile, the Relative Strength Index (RSI) reading of 70.45 suggests that ETC might be entering the overbought territory. Without sustained buying pressure, a pullback could occur to recalibrate this momentum