$ETC Pullback Opportunity After +17% Surge – Bullish Setup Reloading?
ETC jumped over +17.5%, reaching a 24-hour high of $24.99 before pulling back toward the $23.50 support zone. Price is hovering near a key retest level, potentially offering a second leg up if demand holds.
Key Observations:
• Resistance Levels: $24.10 – $24.60
• Support Zone: $23.20 – $23.50
• Volume: High volume on breakout, followed by cooling off
• Structure: Testing previous demand zones with stacked resistances above
Potential Trade Setup:
• Entry Zone: $23.20 – $23.55
• Stop Loss: Below $22.70
• Target 1: $24.60
• Target 2: $25.50
ETC is in a healthy retracement phase after a solid breakout. Bulls could reclaim control above $24.10. A bounce from the current zone may trigger fresh longs aiming toward the $25+ range. Watch for confirmation on lower timeframes.