Market Analysis of ETCUSDT on Monday 27 May 2024

2024-05-27 20:11Source:BtcDana

ETCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW                                              ETCUSDT  is running in positive  trend and its immediate  strong support are 30 to 31.16 level  .Intraday purpose buying is better with stop loss 29.50 level expecting intraday target 32,32.20 and 32.40 level respectively.15  minute chart showing it can rise above 35.80 level with stop loss 29.50level.

 QUICK FUNDAMENTAL LOOK                                                                     

The native token of Ethereum Classic, ETC, is used for transaction fees and as a reward for miners within the network. Unlike its counterpart Ethereum, which has moved towards a PoS consensus algorithm, Ethereum Classic continues to reinforce its PoW mechanism.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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