🟩Ethereum Classic (ETC) surged to $24.34, marking its strongest daily gain since late 2023. A breakout from the “cup and handle” pattern, which had been forming since March, triggered the rally and pushed the price out of prolonged consolidation below $20. The bullish structure was reinforced by high trading volume and a net capital inflow of $1.69 million, signaling renewed investor interest.
🟩Technical indicators confirm the upward momentum: EMA and Bollinger Bands point to a bullish trend, and the price has already broken through the key 0.382 Fibonacci level. In the next 24 hours, ETC is likely to fluctuate between $23.60 and $25.50. A breakout above $25.50 could pave the way to $27.90, while a drop below $23.00 may raise the risk of a decline to $21.80.