Takeoff Time: Ethereum Classic Price Prediction Signals Bullish Trend
Ethereum Classic Price Prediction for 2040 is expected to hover around
In the weekly chart, Ethereum Classic undergoes a retest phase following a bullish breakout from the consolidation range.
The breakout concludes long-term lower-high formations, signaling a trend reversal.
Fibonacci levels on the weekly chart suggest a potential reach to the $40 mark for the reversal trend.
After a robust 44% recovery last week, ETC experiences a minor pullback this week.
On the daily chart, a recent correction prompts a quick retest of the 50-day EMA and the 38.20% Fibonacci level.
Despite the correction, increased demand at lower levels propels the Ethereum Classic price higher, marked by a long-tail bullish candle.
The 1.80% rise in the minor pullback tests the breakout level, impacting Ethereum Classic buyers.
Coingabbar Price Prediction, A successful uptrend may propel ETC above $30, targeting $40 in the near term.
KEY LEVELS :
RESISTANCE LEVEL : $26.00-$28.00
SUPPORT LEVEL : $23.00-$21.00
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