Ethereum Classic Momentum Fading After Breakout Rejection

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The Ethereum Classic (ETC) price has been unable to close a higher-high since breaking down on Aug 2. Another short-term move to the downside is expected before the price can resume its bullish trend. ETC Long-Term Resistance On Aug 2, the ETC price reached a high of $8.29 but dropped sharply to a low of $6.27 during the same day. The price found support above the 50 and 200-day moving
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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