<a href="https://www.cryptoknowmics.com/news/grayscale-accumulated-several-digital-assets-purchased-litecoin-ethereum-classic-and-bitcoin-cash/">Ethereum Classic</a> is a blockchain-based computing platform for executing smart contracts. It is a distributed network and robust platform for on-chain application development. It facilitates the running of applications without censorship and downtime errors. ETC is the native token of this ecosystem. The ETC technical analysis is as follows:
<h2><b>Past Performance</b></h2>
On April 1, 2021, the opening price of ETC was $14.08. On April 7, 2021, the closing price was $19.09. Thus, in the past week, the price has increased by roughly 36%. In the last 24 hours, ETC has traded between $18.05-$19.93.

<img class="alignnone wp-image-193032" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/04/ETC-300x182.png" alt="ETC Price Anlaysis" width="696" height="422" />

<a href="https://www.tradingview.com/x/5Wfwfz0O/">https://www.tradingview.com/x/5Wfwfz0O/</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, ETC is trading at $18.36. The price has decreased from the opening price of $19.16. Thus, the market is bullish.

The <strong>MACD and signal lines</strong> are negative. A bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish. Thus, we can expect a price pullback.

The <strong>OBV indicator</strong> has started falling gradually. Thus, selling volumes are overtaking the buying volumes in the market. Hence, we can expect downward pressure on the ETC price.

The <strong>RSI indicator</strong> faced rejection at 46% and fell to the current level of 38%. Thus, selling pressures are higher than buying pressures. Hence, we can expect the ETC price to fall.
<h2><b>ETC Technical Analysis</b></h2>
As per technical analysis, the price has fallen below the <strong>Fibonacci pivot point</strong> of $19.06. The price is soon likely to fall below the first support level of $18.34. As most of the oscillators have given negative signals, the price may fall below the subsequent support levels of $17.90 and $17.18 respectively.

The price has tested and fallen below the <strong>23.6% FIB retracement level</strong> of $18.49. As of now, the bearish forces look strong. In that case, the bear-run will continue today and tomorrow.

ETC Technical Analysis: Expect Price to Fall with Selling Pressures

ETC tested and fallen below the 23.6% FIB retracement level of $18.49. As of now, the bearish forces look strong. In that case, the bear-run will continue today and tomorrow.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

ETC Technical Analysis: Expect Price to Fall with Selling Pressures

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