Ethereum Classic Price Analysis – June 30
Ethereum Classic price is currently making another attempt at breaking out above $65 resistance.
Resistance levels: $80, $85, $90
Support levels: $35, $30, $25
ETC/USD bulls were rejected around the $62.84 level as the coin drops to the low of $51.66. However, the Ethereum Classic price is floating around the upper boundary of the channel and has already crossed above the 9-day and 21-day moving averages. Moreover, the technical indicator Relative Strength Index (14) indicates increasing bullish momentum as the signal line moves above 55-level, indicating that the market sentiment is presently bullish.
Ethereum Classic Price Analysis: Where is ETC Price Going Next?
Ethereum Classic price is changing hands at $57.95 where it faces up. More so, if the ETC/USD rises again and breaks the $62 resistance level, the coin may continue its upward movement to retest the previous high of $62.84. Therefore, the nearest resistance levels are located at $80, $85, and $90 while crossing below the 9-day and 21-day moving averages may reach the support levels at $35, $25, and $15 respectively giving a fade bullish trading volume.
ETC/BTC Market: Price Follows An Uptrend Movement
When compares with Bitcoin, the Ethereum Classic price has been moving in the direction above the 9-day and 21-day moving averages as the bulls continue to keep the coin on the positive side. On the downside, if the market price crosses below the 9-day and 21-day moving averages, the next support level may surface at 1400 SAT and then locate further key support at 1300 SAT and 1100 SAT levels if the sell-off later becomes huge.
However, on the upside, if the bulls push the price back above the upper boundary of the channel; Ethereum Classic could face the 1900 SAT. Any other resistance level lies at 2000 SAT and above while the signal line of the Relative Strength Index (14) moves into the overbought zone to continue the bullish movement. On the other hand, if it moves below 60-level, it may bring more bearish pressure into the market.