Ethereum Classic Could Repeat Its 2017 Bullish Cycle

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By Valdrin Tahiri

bullish



The Ethereum Classic price has fallen to an all-time low but has shown several strong reversal signs. We believe that a new market cycle will begin in the near future.

The Ethereum Classic (ETC) price has been correcting since the beginning of August when it initiated an upward move. However, technical indicators show that this period might soon come to an end and ETC will begin a new market cycle. We suggested that this will occur back in September.

Cryptocurrency analyst and trader NICO stated that the Ethereum Classic price is trying to flip the 55,000 satoshi area as support while crossing above a significant moving average. If it does so, it should reach the next resistance areas at 64,000 and 73,000 satoshis, respectively.

Read The Whole Analysis on beincrypto

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