In the weekly chart analysis, Ethereum Classic has shown a departure from the lower high formation that characterized the previous bearish trend until 2022.
ETC Price faced challenges breaking the $25 resistance after a year-long consolidation in 2023.
Weekly chart indicates a bullish sentiment with the breach of a long-term descending trendline.
Bullish engulfing candle formation observed on Ethereum Classic's daily chart.
Ethereum Classic experienced a substantial surge, exceeding $30 for the first time since September 2022.
Ethereum Classic Price Prediction suggests potential for further upward movement, with a target of surpassing $40 under favorable market conditions.
Conversely, if momentum weakens, there's a possibility of retracement to the $25 level.
KEY LEVELS :
RESISTANCE LEVEL : $40-$60
SUPPORT LEVEL : $13-$5
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