• At the start of March, Ethereum Classic ($ETC) showed strong bullish momentum, resulting in a significant increase in value.
• After reaching a high of $39.67, the bullish trend slowed down and the price remained mostly flat for a week, indicating a consolidation phase.
• Market volatility increased, leading to a bearish sentiment and a correction of around 30%.
• Bulls regained their strength after the correction, leading to a positive price movement.
• However, once the price crossed the $35 resistance level on March 29th, a correction phase started, forming a symmetric triangle pattern.
• Ethereum Classic has been trading within this pattern since then, reflecting a more long-term bearish sentiment.
• A break above the $35 resistance could signal the beginning of a bullish trend, with a potential target of the upper resistance level at $40.
• According to Coingabbar Prediction, a reversal in trend could weaken the bullish momentum, possibly testing the lower support level at $30 in the upcoming week.

KEY LEVELS :

RESISTANCE LEVEL : $35.00-$40.00

SUPPORT LEVEL : $30.00-$27.00

Disclaimer: Coingabbar's analysis and predictions on cryptocurrencies, NFTs, or other decentralized assets are for informational purposes only and not financial advice. Users should do their research, use their judgment, and understand the risks associated with financial instruments. Coingabbar is not responsible for any financial losses. Cryptocurrency and NFT markets are highly volatile, so users should seek advice from financial experts and evaluate their risk tolerance before investing.