Ethereum Classic: Will ETC’s range-low offer a new buying opportunity?

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ETC took cue from BTC price action and struggled to reclaim its mid-range level. Will the range-low hold?

Will the mid-range block further upside?Based on BTC’s extended range formation, we can infer that ETC took a cue from the king coin’s price movement. Notably, BTC has been faltering at $30.4 k, failing to cross its mid-range of $30.5k since 15 July.

If the trend repeats, ETC could rebound from its range-low and falter at $19.5 again. If that’s the case, a retest of range-low could offer new buying opportunities, targeting the mid-range.

 

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