Ethereum Classic (ETC) Price Climbs Over 3%: Bulls Eye Resistance After Sharp Rally

NEW YORK – Ethereum Classic (ETC) demonstrated notable strength against the US Dollar on Friday, April 12th, posting gains exceeding 3% following a significant afternoon surge.

As of 6:35 PM UTC, Ethereum Classic was trading at 0.4574 or 3.02% for the trading day, climbing from its previous closing value of $15.1611.

The intraday chart for ETC shows a period of relative stability in the early hours (UTC), with the price oscillating between roughly $15.10 and 15.80** mark. Following this high, the price experienced a pullback, consolidating around the $15.60 level at the time of the snapshot.

Traders are now likely watching key levels. The recent high near $15.80 serves as immediate resistance; a break above this could signal continued bullish momentum. Conversely, the current $15.60 area may act as initial support. If the price fails to hold here, the previous consolidation zone around 15.30, where the rally initiated, could become a significant support level to watch. The ability of ETC to hold above the 15.60 range will be crucial for maintaining the positive sentiment generated by today’s rally.