Is $ETC looking up… but still under pressure 👀
small bounce or start of something bigger? ⚖️
ETC is showing a mild recovery after a recent downtrend, bouncing from the $8.00 zone with improving RSI and a positive MACD shift. But the overall structure still leans bearish as price remains below key moving averages, and volume is not strong enough to confirm a solid trend reversal.
Key Zones
$8.00 – $8.05 acting as strong support (buyers stepping in here)
$8.30 – $8.50 is the immediate resistance zone where sellers previously dominated
Break above $8.50 = stronger bullish confirmation
Break below $8.00 = continuation of downside pressure
Future Move Possibilities
If buyers hold this bounce, ETC could slowly grind towards $8.40–$8.50 next
Weak volume might cause a fake breakout and quick rejection
Losing $8.00 support can drag price back into deeper bearish territory
Sustained buying pressure is needed for any real trend shift
Watch the reaction at resistance… momentum will decide the next move ⚡