$ETH 📊 Technical Analysis for the Currency

Ethereum Classic (ETC/USDT)

🔹 Current Price: 17.23 USDT

🔸 Symmetrical Triangle Model:

The price has broken the upper limit of the triangle, which is considered a bullish signal, and it may mark the beginning of a strong upward movement if the breakout is confirmed.

🔸 Moving Averages:

• The price has surpassed the EMA 50 (red), which is a positive signal.

• It is still below the EMA 200 (black) at 17.66$, which is an important resistance to watch.

There is a possibility of continued upward movement.

• Next Resistance: 17.66 – 18.00 $

• Nearby Support: 17.00 – 16.50 $

🚨 Note: Confirmation of the breakout requires a candle closing above the triangle with good trading volume; otherwise, there is a possibility of returning within the range.

📌 Summary:

If the price remains above 17.20$, we may witness an upward movement towards 18$, 20$, and 22$. Monitor the support and resistance levels carefully.