Ethereum Classic Price Prediction Today: Daily (ETC) Value Forecast – July 2
- On June 2, the ETC price reached a high of $9.5 but was resisted.
- From the Fibonacci tool, the price of the Ethereum Classic has broken the 0.236 and 0.382 Fib. retracement levels and it is approaching the downtrend zone.
ETC/USD Medium-term Trend: Bearish
- Resistance Levels: $9.5, $10.0 ¸ $10.5
- Support levels: $7.5, $7.0, $6.5
Yesterday, July 1, the price of Ethereum Classic was in a bearish trend. The 12-day EMA and the 26-day were trending southward indicating that price is falling. On June 2, the ETC price reached a high of $9.5 but was resisted. The market was on a downward correction to a low at $8.0 price level. At the $8.0 price level, the Bulls resume their upward move and retested the $9.50 resistance level.
From the Fibonacci tool, the price of the Ethereum Classic has broken the 0.236 and 0.382 Fib. retracement levels and it is approaching the downtrend zone. If price continues its fall, the bullish trend is likely to be reversed. Meanwhile, the ETC market has reached the oversold region of the daily stochastic but below the 40%range. This indicates that price is in a bearish momentum and a sell signal.
ETC/USD Short-term Trend: Bearish
On the 1-hour chart, the ETC price was in a Bearish trend. On June 30, the bulls tested the $8.60 resistance level and were resisted. The ETC market had a downward correction to the support level at $ 7.20.Meanwhile, the market is in the overbought region of the daily stochastic but above the 80%range. This indicates that price is in a bullish momentum and a buy signal.
Live Ethereum Classic (ETC) Price:
1 ETC/USD =$40.9383 change ~ -0.92%
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