1
ETC price witnessed a reversal from the 200 day EMA mark.
2
Buyers are willing to extend the rally beyond the prompt hurdle of $23.
ETC price witnessed a trendline breakout and rebounded from the low of $15 in a bullish spell. Moreover, as ETC price enters a bullish trajectory, it is clearly heading for the supply zone of $23. The ETC price has recently pulled back and hit $20; afterward, a retracement was witnessed. However, during the retracement, the ETC price retested the 200-day EMA mark and a sharp bounce trapped the sellers.
ETC price has surpassed the key moving averages and has registered a range breakout above $20. Furthermore, the price action signifies the buyers’ accumulation, and that the bulls are setting their eyes on the immediate hurdle of $23, followed by $25. The technicals display the bulls’ dominance and signal a similar performance for the coming sessions. ETC price has sustained the gains above the 50% Fibonacci retracement
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