Ethereum Classic (ETC) Price Watch: Short-Term Breakdown, But Long-Term Floor Holding

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Ethereum Classic Price Key Highlights Ethereum Classic recently tumbled below a short-term ascending trend line to show that sellers are winning out. However, price is also encountering strong support at the long-term floor around $13. A bounce off this level could lead to a test of the broken short-term trend line or a move to the next area of interest. Ethereum Classic price is fighting to keep its head above the long-term floor as it recently fell below a short-term trend line. Technical Indicators Signals The 100 SMA recently crossed below the longer-term 200 SMA to signal a pickup in selling pressure. This indicates that the path of least resistance is to the downside or that support is more likely to break than to hold. However, RSI is pulling up from the oversold area to signal a return in bullish pressure. A bullish divergence is also evident as