Ethereum Classic (ETCUSDT) managed to move above EMA50 to the upside. This is the first time this happens since July 2022.
Now, can it stay above EMA50?
We have the long-term higher low and basically the exact same conditions as we did last year. The prognostications look good.
We can't say if it will or will not stay above this level. The technicals are bullish and we can expect additional growth but here is how really things work...
If ETCUSDT moves back below EMA50, the mid-term bullish bias is lost. Staying above this level and the bulls remain in control.
We got the breakout... It is for the market to decide how things will turn.