Crypto Screener › Forums › Ethereum Classic (ETC) Forecast – Technical Analysis › Ethereum Classic (ETC) Price Analysis – August 2018 › Reply To: Ethereum Classic (ETC) Price Analysis – August 2018
Ethereum Classic has had a very nice bull run since the Coinbase news hit the streets. Currently the market is facing some resitance, normals as many traders book some profits. Small correction expected here, before more upside can be expected, should fundamentals stay in tact.
I expect a tight trading range should we move up more.
Support zone: 0.024 btc- This support level must remain intact for any chance of another leg up.
Resistance zone: 0.254 btc – Safest entry would be after consolidation above this zone.
Should above mentioned zone break we should see ETC gaining more ground vs BTC.