ETC/USDT — Major Support Retest, Breakout or Breakdown?

🔎 Current Market Outlook

Current price: ~20.49 USDT

Price is approaching the critical support zone at 17–14 USDT (highlighted yellow).

This area has acted as a multi-year demand zone since 2021, where buyers repeatedly defended the level and triggered rebounds.

However, ETC has consistently failed to break major resistance levels, forming lower highs within a prolonged sideways range.


This makes the 17–14 zone a decision point: will buyers once again absorb supply and push for a rebound, or will sellers finally break the structure and trigger a deeper bearish trend?


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📐 Market Structure & Price Pattern

1. Major Support Zone (17–14 USDT):

Tested multiple times since 2021.

Holding above → suggests strong accumulation.

Breaking below → could end the long-term sideways trend.



2. Key Resistance Levels:

25.08 USDT → first resistance to watch for breakout.

38.16 USDT → medium-term resistance.

56.30 & 75.65 USDT → major long-term supply zones.

Higher targets: 118.76 & 179.33 USDT (only relevant in a super bullish cycle).



3. Price Pattern:

Large sideways structure with lower highs.

Repeated tests of 17–14 → showing this demand zone is still crucial for market direction.


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🐂 Bullish Scenario (If Buyers Defend)

Confirmation: Weekly close above 25.08 with strong volume.

Implication: Signals a new higher high on the weekly timeframe.

Targets:

TP1 → 38.16

TP2 → 56.30

TP3 → 75.65


Key Note: As long as 17–14 holds, ETC remains in accumulation territory with potential for a strong rebound in the next bullish phase.


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🐻 Bearish Scenario (If Sellers Break Through)

Confirmation: Weekly close below 14 USDT.

Implication: Multi-year demand zone is invalidated.

Targets: Without solid support below, price could drop towards the psychological 10 USDT level or even lower.

Warning: A breakdown here would mark the end of the long-term sideways phase and trigger a deeper bearish leg.


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🎯 Trading Strategy & Risk Management

1. Conservative Approach:

Wait for breakout >25.08 → enter long.

Targets: 38.16–56.30.

Stop loss below 22.



2. Aggressive Approach (buy the zone):

Enter within 17–14.

Stop loss below 14.

First target 25.08, scale out at 38.16.


3. Short Setup:

Only valid if weekly close <14 (confirmed breakdown).

Short-term target: 12 → 10 USDT.


⚠️ Note: This is a high risk/reward zone. Position sizing and clear stop-loss levels are critical.

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✨ Conclusion

The 17–14 USDT support zone is ETC’s lifeline.

Holding above → accumulation continues, with rebound potential toward 25.08 → 38.16.

Breaking below 14 → long-term bearish breakdown with risk of a sharp decline.

Breakout above 25.08 → the first real trigger of a bullish trend reversal.


ETC is at a make-or-break moment. Traders should closely watch how weekly candles react around 17–14.

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