ETC price has bounced back to the week’s rallying after pulling back from Thursday’s two-week high. At the same time, the leading cryptocurrency -Bitcoin – has bounced off the day’s low of 48,324.81 as the bulls seek to retest Thursday’s high of $50,385.38.
The formation of an ascending trendline points to further gains. For as long as it remains above the trendline, the uptrend will likely extend into the weekend.
According to CoinMarketCap, the total cryptocurrency market cap is down by 0.17% at $2.22 trillion. Eethereum Classic, which is ranked 21, has a market cap of $8.84 billion. The figure represents a rise of 1.28%. Besides, its trading volume has risen by 2.77% at $5.93 billion over the past 24 hours.
ETC has bounced back after pulling back from the two-week high on Thursday. Over the past three sessions, it has risen by about amid the heightened bullish sentiment.
At the time of writing, ETC price was up by 0.37% at 67.83. On a two-hour chart, it is trading slightly above the 25 and 50-day exponential moving averages.
In the near term, the crypto ease around the support level of 68. Additional bullish momentum will have the bulls retest Thursday’s high of 70.25. on the flip side, a pullback may have Ethereum Classic price find support along the 25-day EMA at 66.92.