Ethereum Classic’s [ETC] recovery faced an obstacle – Can bulls bypass it?

EthereumClassic’s [ETC] recovery faced an obstacle - Can bulls bypass it?

The rise from $20 to $25 saw a 20% hike in ETC’s value. However, the rejection of

Alternatively, near-term bulls could aim for the 38.20% Fib level if ETC closes above the 23.60% Fib level of $21.24. However, the RSI indicates a bearish market structure, with the indicator retreating from the oversold zone and still below 50. According to Coinglass, ETC’s dropping OI slowed on 25 February and pivoted at the time of writing, suggesting more money flowing into the futures market.

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