Ethereum Classic ($ETC

/USDTTechnical Analysis🔥💯

Current Trend: Bullish

ETC has demonstrated upward momentum with a 24h price increase of +1.19%, and the price is near its 24h high of $27.19.

Momentum Indicators:

RSI (Relative Strength Index): Indicating neutral to slightly overbought conditions, suggesting potential continuation of the bullish trend.

MACD: Bullish crossover; buying pressure appears dominant.

EMA (Exponential Moving Average): Price trading above the 20 EMA and 50 EMA, confirming bullish sentiment.

Trade Signal:

Recommendation: Buy on dips near $26.80 to $27.00.

Stop Loss: $26.30 (below key support level).

🎯 Target Levels:

1. Target 1: $27.50 (short-term resistance).

2. Target 2: $28.20 (medium resistance, Fibonacci retracement level).

3. Target 3: $29.00 (high resistance, psychological level).

Trade Momentum: Strong buying pressure; consider trailing stop-loss to secure profits as targets approach.

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