Ethereum Classic Analysis

  • ETC price sliced through a supply zone, stretching from $59.43 to $80, signaling weakness.
  • A retest of $59.43 leading to a 35% downswing seems likely.
  • If the buyers Make ETC to be closed above $80, bearish scenario will be vanished

ETC price is overrun by sellers that pushed it to slice through a pivotal resistance area. Now, ETC might continue to head lower as bullish momentum seems to have vanished.