ETC bulls អាចយកឈ្នះឧបសគ្គ $21.79 ប្រសិនបើ BTC ឆ្លងកាត់ផ្លូវនេះ

ការបដិសេធ៖ ព័ត៌មានដែលបានបង្ហាញមិនបង្កើតជាហិរញ្ញវត្ថុ ការវិនិយោគ ការជួញដូរ ឬប្រភេទផ្សេងទៀតនៃដំបូន្មានទេ ហើយគ្រាន់តែជាគំនិតរបស់អ្នកនិពន្ធប៉ុណ្ណោះ។

• A retest of the overhead resistance at $21.79 was likely. 
• A break below $19.95 would be an invalidation. 

After a 12% rally on 6 January, Ethereum បុរាណ [ETC] got into the $19.95 – $21.77 range. ETC has been trading in the above range since 7 January. 

អាន ការព្យាករណ៍តម្លៃ [ETC] របស់ Ethereum Classic 2023-24

At press time, ETC was trading at $20.52 and could retest the upper range boundary of $21.77 if the demand kicks in. Well, the CPI data will have an important role to play here. 

The U.S. CPI is commonly used to gauge U.S. inflation rates, and speculators were betting on a further decline of the same. 

The upper range boundary of $21.77: Is a retest likely?

ប្រភព៖ ETC / USDT ស្តីពី TradingView

The Relative Strength Index (RSI) overstayed in the overbought zone before it moved sideways. This showed that buying pressure dropped slightly, but bullish momentum was relatively strong. 

In addition, the Money Flow Index (MFI) rebounded from the midrange and showed that a significant distribution had taken place. 

Therefore, ETC bulls could attempt to retest the overhead resistance at $21.77 and go beyond, primarily if BTC aims at the $20K psychological mark. 

However, a break below $19.55 support would invalidate the bullish forecast. Such a move could see bears settle at the 61.8% Fib level of $19.09 or 100-period EMA of $18.76. 

ETC’s mining hashrate recorded an uptick while open interest declined

ប្រភព៖ Messari

According to Messari, ETC’s mining hash rates declined steadily from mid-December 2022 and bottomed out at the end of December. Afterward, it registered an uptick but has yet to reach the mid-December levels. 

Hashrate influences prices directly; thus, a massive drop or increase will lead to price rallies or drops, respectively. ETC’s declining hashrate from mid-Decemeber correlated with ETC’s price decline. 

At press time, there was an uptick in hashrate that could positively affect ETC price if the rise continues. 

ប្រភព៖ Coinglass

តើផលប័ត្ររបស់អ្នកមានពណ៌បៃតងទេ? សូមពិនិត្យមើល ការគណនាប្រាក់ចំណេញ ETC

On the other hand, ETC’s open interest (OI) rate declined further as the coin moved sideways. It shows more flowed out of the futures market as ETC traders closed or liquidated their positions as ETC traded in a range. 

The hidden OI/price divergence could tip ETC for trend reversal. However, BTC’s price action could give investors more clarity on the next movement.