UPS Ethereum Action

Ethereum Classic could see these levels before a possible lift-off

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ambcrypto.com

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceEthereum Classic (ETC) saw a substantial depreciation in its value by withdrawing in a descending channel (yellow) for nearly 16 weeks.

During the downfall, the 20 SMA (red) assumed an important area of value for traders/investors.From here on, ETC saw a patterned breakout on 7 February but failed to gain stimulus as it eyed an approach to the $28-zone after a bearish divergence with its daily RSI.

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