Ethereum Classic (ETC) Targets $23.8 Amid Short-Term Volatility

Ethereum Classic's recent 20% rally may face short-term volatility, but bulls eye:

1. Breakout past $22.
2. Target: $23.8.

_Key Indicators:_

- Accumulation indicator suggests breakout likelihood.
- A/D indicator in steady uptrend since August.
- 50 and 100-period moving averages form bullish crossover.

_Market Structure:_

- Daily chart shows bullish market structure.
- Fixed Range Volume Profile highlights $21 resistance.

_Sentiment Analysis:_

- Open Interest surges 14% ($86M to $98.3M).
- Spot CVD climbs higher, showcasing demand.

_Liquidity Map:_

- Long liquidations expected below $20 ($19.61 and $19.37).
- Smaller liquidity pools above $21.99.

_Outlook:_

- Potential dip below $20 to trigger long liquidations.
- Breakout past $22 likely amid bullish sentiment.
- Target: $23.8 (resistance zone).

_Caution:_

- Short-term volatility expected.
- Failure to maintain support levels may lead to correction.

Traders should prepare for p…