$ETC is showing a notable surge in trading activity after an unusual burst of approximately 552K USDT within just 13 minutes, accounting for about 11% of recent flow. Such concentrated activity in a short window typically signals institutional or whale-level participation rather than retail noise. With price currently around $9.42 (+2.61%), buyers appear to be in control for now, suggesting accumulation or momentum ignition rather than panic movement. Given the healthy 24h volume of $5.47M, the market has enough liquidity to sustain directional moves if follow-through demand persists.
Immediate support is forming near $9.20–$9.05, a zone where continuation buyers may defend positions. Holding this area could allow ETC to push toward $9.85, with a potential extension to $10.30 if momentum builds. However, failure to hold support would likely trigger a pullback toward $8.70, where a stronger demand base may exist. Resistance is developing near $9.90, with a major barrier around $10.50, where profit-taking pressure is expected.
Exact Entry: $9.10–$9.55 (pullback continuation zone)
Stop Loss: $8.85
TP1: $9.85
TP2: $10.30
TP3: $10.95

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$ETH