#Ethereum Classic Price Technical Analysis – Can ETC/USD Hold $20?

Moreover, the 100 hourly SMA is sitting near $21.00. A break above the $21.00 level and 100 SMA could be a positive sign in the short term. On the downside, the price has to stay above $20.00 and $16.50 to avoid further declines.

Hourly MACD – The MACD for ETC/USD is mostly flat in the bearish zone.

Hourly RSI – The RSI for ETC/USD is currently moving higher towards the 50 level.

Major Support Level – $20.00

Major Resistance Level – $23.00