ETC Danger Signal Full ⚠️ Breaking Key Level Could Plunge to $5? Bottom Fishing or Running Away Will Soon Be Revealed!
Ethereum Classic (ETC) is now on the edge of a cliff! After a drop from a high of $40, the current price has fallen to $14.30, right on a historical key support level—this is the lifeline before the last round of plummeting. Once breached, analysts warn: the target could directly plunge to $8.20, and may even touch $6.89 or $5.83!
From the perspective of Fibonacci extension, ETC has already broken through the technical range of $25.76 to $21.72, now stuck at the 1.272 position ($14.305), which is the 'critical point' for many cryptocurrencies before a sharp decline. Coupled with the fact that the main cryptocurrency ETH is also dropping simultaneously, ETC's performance is noticeably weaker, and market buying interest is plummeting.
The more troublesome issue is that the 1.0 level at $17.62 was breached early, indicating that the upward trend has collapsed. Now, it is barely supported at $14.30; once it breaks with volume, it may open up deeper downward space.
With the market reaching this point, is it an opportunity or a trap? Is ETC about to rebound? Or is it in 'free fall'? The market is already on edge! ⏳