$ETC is respecting its macro ascending trendline on the daily chart. Price action is currently hovering around the 20-day and 50-day moving averages. The 14-day RSI sits near 56, maintaining neutral-to-bullish momentum without overbought pressure. Futures open interest remains steady, reflecting disciplined leverage positioning across derivative venues.
🚀 Future Outlook & Key Levels
Bullish Case: A clean daily candle close above $10.08 would trigger a major breakout, targeting long-term expansion levels toward $18.85 and secondary targets near $25.90.
Bearish Case: If sellers force price below immediate support at $8.17 – $8.30, a retest of lower demand around $7.20 may follow. A daily close beneath critical macro support at $6.02 would invalidate the current bullish structure.
My Take: Ranging with upside potential. Buying pullbacks near the $7.80 – $8.10 support band offers strong risk-reward, or wait for a confirmed daily breakout above $10.08 before taking momentum positions.#ETHETFsApproved
🚀 Future Outlook & Key Levels
Bullish Case: A clean daily candle close above $10.08 would trigger a major breakout, targeting long-term expansion levels toward $18.85 and secondary targets near $25.90.
Bearish Case: If sellers force price below immediate support at $8.17 – $8.30, a retest of lower demand around $7.20 may follow. A daily close beneath critical macro support at $6.02 would invalidate the current bullish structure.
My Take: Ranging with upside potential. Buying pullbacks near the $7.80 – $8.10 support band offers strong risk-reward, or wait for a confirmed daily breakout above $10.08 before taking momentum positions.#ETHETFsApproved