Ethereum Classic (ETC) Drops By 15% Since April Highs

ETH/USD COINBASE:ETHUSD

Brian7877

ETC has been decreasing underneath a descending resistance line since Sept 6. The downward movement led to a low of $21.20 on Jan 22.

The price has been moving upwards since and managed to break out from the descending resistance line on March 20. This led to a high of $52.99 on March 26. But, the price has been falling since.

ETC broke down below the $28.50 area during the decrease, which is now expected to provide resistance.

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