$ETC is facing selling pressure. Recent technical readings show a weak trend, with buyers needing to regain control before a bullish reversal can be confirmed.
Key technical levels
Support: $7.41, then $7.11.
Resistance: $8.18, then $8.38.
Bullish signal: A sustained move above $8.18 with strong trading volume.
Bearish signal: A decisive break below $7.41 could indicate further downside.
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