Ethereum Classic (ETC/USD) is at a pivotal moment, with the potential for significant movement in either direction based on current technical patterns. Here's a detailed outlook:
Key Scenarios:
Bullish Case:
The price is forming higher highs and higher lows, indicating an emerging bullish structure.
A breakout above $77.45 (Fibonacci resistance) could signal a continuation toward $77.45, representing a potential upside of approximately +207% from the current level of $25.25.
Momentum indicators suggest growing buying interest, supported by increased volume in recent sessions.
Bearish Case:
A failure to hold current levels could push ETC into a deeper pullback phase, with potential for consolidation before resuming upward momentum.
Key Levels to Watch:
Resistance Levels: $77.45 (major breakout zone).
Goal Target: $77.45 (+207% potential upside).
Conclusion:
Ethereum Classic is at a make-or-break level. A successful breakout above $77.45 could trigger a strong bullish rally, with the next target at $77.45 (+207%). Watch this level closely to confirm the trend direction and momentum.
📢 Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult a professional before making trading decisions. 🛑