Ethereum Classic (ETC) / TetherUS Day Frame Chart Analysis.Learn and study will.
The daily chart for Ethereum Classic (ETC) against Tether (USDT) shows a mix of bullish and bearish trends, with the current price around $22.38. Using Heikin-Ashi candles, we can see that the market is in a consolidation phase, with strong support at $18.17 and major resistance at $39.67. Recent buy and sell signals suggest periods of indecision, with no clear trend direction.
Short-term, ETC is likely to remain in the $22-$24 range, waiting for a breakout or breakdown. A move above $24 could push the price toward $28, while a drop below $22 might test the strong support at $18.17. Monitoring volume spikes and moving averages will be key to understanding the strength of any upcoming trend changes.
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Long-term prospects depend on breaking above $24 and sustaining higher levels for a bullish outlook, potentially reaching $28, $32, and beyond. Conversely, failing to maintain support levels could lead to a bearish trend, with prices potentially dropping to or below $18.17. Traders should consider overall market conditions and additional indicators for a comprehensive strategy.
