- Ethereum Classic trades over 1% lower as the Monday sell of hits all the majors.
- The price found some support ahead of the psychological 5.00 level.
ETC/USD 1-hour chart
Ethereum Classic is looking pretty bearish but some buying pressure has just kicked in. The price has broken above the 55 hourly exponential moving average after only breaking below it earlier in the session. The RSI indicator has also just moved back above the 50 mid-line which could just be a short term pullback.
Interestingly, the volume is looking subdued which insinuates there is not much backing for some of the more recent moves. The market has also been making lower high and lower low waves so until that changes it's hard to be bullish. The red support zone is now the key level to watch as if it breaks it could give more clues to the future path of Ethereum classic.
Additional levels
All information and content on this website, from this website or from FX daily ltd. should be viewed as educational only. Although the author, FX daily ltd. and its contributors believe the information and contents to be accurate, we neither guarantee their accuracy nor assume any liability for errors. The concepts and methods introduced should be used to stimulate intelligent trading decisions. Any mention of profits should be considered hypothetical and may not reflect slippage, liquidity and fees in live trading. Unless otherwise stated, all illustrations are made with the benefit of hindsight. There is risk of loss as well as profit in trading. It should not be presumed that the methods presented on this website or from material obtained from this website in any manner will be profitable or that they will not result in losses. Past performance is not a guarantee of future results. It is the responsibility of each trader to determine their own financial suitability. FX daily ltd. cannot be held responsible for any direct or indirect loss incurred by applying any of the information obtained here. Futures, forex, equities and options trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including forex, options, hedging and spreads, contains risk. Past performance is not indicative of future FX daily ltd. are not Registered Financial Investment Advisors, securities brokers-dealers or brokers of the U.S. Securities and Exchange Commission or with any state securities regulatory authority OR UK FCA. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest, with or without seeking advice, then any consequences resulting from your investments are your sole responsibility FX daily ltd. does not assume responsibility for any profits or losses in any stocks, options, futures or trading strategy mentioned on the website, newsletter, online trading room or trading classes. All information should be taken as educational purposes only.
Recommended Content
Editors’ Picks

Cardano stabilizes near $0.62 after Trump’s 90-day tariff pause-led surge
Cardano stabilizes around $0.62 on Thursday after a sharp recovery the previous day, triggered by US Donald Trump’s decision to pause tariffs for 90 days except for China and other countries that had retaliated against the reciprocal tariffs announced on April 2.

Solana signals bullish breakout as Huma Finance 2.0 launches on the network
Solana retests falling wedge pattern resistance as a 30% breakout looms. Huma Finance 2.0 joins the Solana DeFi ecosystem, allowing access to stable, real yield. A neutral RSI and macroeconomic uncertainty due to US President Donald Trump’s tariff policy could limit SOL’s rebound.

Bitcoin stabilizes around $82,000, Dead-Cat bounce or trendline breakout
Bitcoin (BTC) price stabilizes at around $82,000 on Thursday after recovering 8.25% the previous day. US President Donald Trump's announcement of a 90-day tariff pause on Wednesday triggered a sharp recovery in the crypto market.

Top 3 gainers Flare, Ondo and Bittensor: Will altcoins outperform Bitcoin after Trump's tariff pause?
Altcoins led by Flare, Ondo and Bittensor surge on Thursday as markets welcome President Trump's tariff pause. Bitcoin rally falters as traders quickly book profits amid Trump's constantly changing tariff policy.

Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.