| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Ethereum Classic [ETC] may encounter resistance at its previous support level.
- Indicators such as OBV and Open Interest reveal limited buyer enthusiasm.
- ETC has retraced gains from its January to March rally, indicating a bearish trend.
Discover the potential challenges ahead for Ethereum Classic [ETC] as it faces key resistance levels and evaluates market trends.
ETC’s Former Support Level as a Bullish Target
The price rally from January to March saw Ethereum Classic [ETC] rising from $18.33 to $39.67. However, this progress has since reversed. The breach below the $22.9 support level suggests a continuation of bearish trends rather than a recovery. Traders should closely monitor key levels to make informed decisions.
Bearish Indicators: OBV and Awesome Oscillator
In April and June, ETC defended the 78.6% retracement level at $22.9. However, subsequent price actions and technical indicators point to a strong downtrend. Notable support zones at 50% and 61.8% retracement levels quickly gave way to sellers. The bears further established their dominance in July by pushing prices below $22.9. The current rebound from $18.3 does not signify a bullish trend; swing traders are advised to consider short positions in the $23.2-$24.1 range, waiting for confirming signals such as bearish engulfing candles.
Open Interest and Market Sentiment
The Open Interest (OI) chart illustrates the lack of bullish activity, with OI dropping consistently and registering $89.7 million. Despite a recent 10.6% price increase over the past week, speculative interest remains tepid. Nevertheless, the spot CVD has halted its decline and is gradually climbing, accompanied by positive funding rates, indicating a modest bullish sentiment.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Potential Liquidity Hunt
Short liquidations on 8 July, following the rejection at $21, imply a liquidity hunt scenario. Traders should anticipate a potential price surge targeting short positions before moving towards the $23 resistance zone, signaling a potential liquidity squeeze in the opposite direction. It’s crucial to remain vigilant for such market movements.
Conclusion
Ethereum Classic [ETC] currently faces significant resistance at its former support levels. With key indicators pointing towards a bearish trend, traders should approach with caution. Strategic positions and vigilant monitoring of market signals will be paramount for navigating the upcoming challenges in the ETC market.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
