Ethereum Classic saw steady buying pressure drive its recent gains, and the $23.8 and $30 levels are the long-term bullish targets.
Despite the recent gains, it was still unable to rise beyond the local highs at $21 that have opposed the buyers since August. Will this move be different?The market structure had turned bullish on the daily chart earlier this week after the move beyond the recent lower high at $19.82.
With the sentiment across the crypto space growing increasingly bullish, ETC is likely set to break past the $21 level. The Fixed Range Volume Profile showed that the $21 level was a stern resistance. The 50 and 100-period moving averages formed a bullish crossover, another sign that an uptrend is increasingly likely.
The ETC liquidation map showed that a retracement to $19.61 and $19.37 would cause a high volume of long liquidations. To the north, relatively smaller liquidity pools were present, up to $21.99.
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