Recently, ETC has shown impressive performance, breaking through the key resistance level of $9.75. It is currently trading at $9.62, with a 24-hour gain reaching 15.8%.
This rally indicates a renewed market confidence in ETC, yet investors are advised to remain cautious due to the inherent volatility.
Market Analysis
Technically, ETC has demonstrated a strong upward trend in recent days, with trading volume increasing, suggesting active market participation.
- Short-term support appears near the $9 mark
- A sustained move above $9.75 could pave the way for a test of the $10.5 resistance level
Investment Advice
Investors are encouraged to manage positions wisely and avoid chasing rising prices. Amid heightened crypto market fluctuations, risk control remains a top priority.