Ethereum Classic (ETC) demonstrated notable strength against the US Dollar on Friday, April 12th, posting gains exceeding 3% following a significant afternoon surge.
Ethereum Classic (ETC) displayed remarkable resilience against the US Dollar on Friday, notching up gains of over 3% following a substantial afternoon rally.
At 6:35 PM UTC, ETC was trading at 0.4574 or 3.02% for the trading day, marking a surge from its previous closing value of $15.1611.
The snapshot of the ETC price chart reveals a period of relative calm in the early hours (UTC), with the price meandering between the 15.10 and 15.80 mark. After attaining this high, the price experienced a setback, leading to consolidation around the $15.60 level at the time of the snapshot.
Traders will likely be keeping an eye on key levels. The recent high, achieved today at $15.80, serves as the immediate resistance; a breach above this could hint at further bullish momentum. Conversely, the current $15.60 area may act as initial support. Should the price fail to maintain itself here, the previous consolidation zone around 15.30, where the rally originated, could become a substantial support level to watch. The fate of ETC remaining above the 15.60 range will be instrumental in sustaining the positive sentiment generated by today’s rally.
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