was on 8 January, after it burst out past the $17k resistance. Bitcoin’s rally was slower and a bit later than ETC’s.Just like the gains were delayed, it seemed that the losses and shift in trend were apparent in Ethereum Classic earlier than for Bitcoin. While BTC rested at $22.3k, ETC fell beneath its six-week range.
The price made a series of lower highs and lower lows since 24 February, which meant the trend was bearish. The RSI stood at 28 to show oversold conditions on the 4-hour chart, but this did not indicate a reversal.Thrice in the three months of November, December, and January, a test of the $18 level of support saw a notable bullish reaction.
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