Ethereum Classics 40% bearish correction from March peak reveal increased... - BitcoinEthereumNews.com
स्रोत: सेंटिमेंट The 61.8% Fibonacci retracement line aligns with the $33.35 price level which has previously been tested as a support and resistance level. स्रोत: सेंटिमेंट The Binance futures funding rate metric shifted from negative to positive between 17-25 April. While it does not directly mean that the price will go up, it highlights increased long positions in the derivatives market. This means derivatives investors are shifting to a bullish sentiment as the price continues to go down. If ETC achieves a bullish reversal, it will likely encounter some friction near the $37 which is the mid-point between the 61.8% and 38.2% Fibonacci retracement lines. A strong upside move would likely encounter support at $40 which sits on the 38.2% Fibonacci line. A bearish performance will find support near the $28 price level which overlaps with the 78.6% Fibonacci line.