Tanya Abrosimova
Independent Analyst
- The cryptocurrency trading platform eToroX adds ETC to the list of tradable assets.
- ETC/USD is moving insight a tight range with the upside limited by $10.00.
Ethereum classic is now the 17th largest digital asset with the current market value of $1.1 billion and an average daily trading volume of 1.8 billion. ETC/USD has gained nearly 2% in recent 24 hours to trade at $9.64 at the time of writing. The coin bottomed at $8.72 on February 17 and managed to regain some ground moving in sync with the market.
ETC is now available at eToroX
Ethereum Classic (ETC) is now available at the crypto exchange firm and investors platform eToroX. The platform regulated by Gibraltar Financial Services Commission offers online trading services for millions of people around the world. Now eToroX customers can trade ETC along with other top digital assets, including stablecoins and tokens.
Apart from cryptocurrency trading services, eToroX trading platform offers wallet service with user-friendly design and solid security.
ETC/USD: Technical picture
The local support is created by the lower line of 1-hour Bollinger Band at $9.50. This area is likely to slow down the bears and create conditions for another upside wave. If it is broken, the sell-off may be extended towards $9.00 and the recent low of $8.72.
On the upside, strong resistance is created by a combination of SMA100 and the upper line of 1-hour Bollinger Band on approach to $10.00. A sustainable move above this barrier is needed to allow for an extended recovery towards SMA200 1-hour at $11.00 followed by the lower boundary of the previous consolidation channel at $11.30.
ETC/USD 1-hour chart
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