After weeks of relentless consolidation in a range-bound market, the Ethereum
Classic (ETC) finally made its first northward stride by storming past key resistance level
of 4.50. Before the celebration could even begin, price has approached yet another critical hurdle at 4.75 that could halt further advancement for the comeback kid. From the current market outlook, we anticipate to see a bottom retest at 4.50 soon. If this resistance-turned support level
could hold off the decline, then ETC's next target would likely be the next psychological resistance level
at 5.00. Conversely, a sustainable breach below 4.50 would set course for 4.00 where more buyers are waiting.