Ethereum Classic (ETC) Trend Reversal Imminent: Key Levels to Watch

Ethereum Classic (ETC) bounces off $21.215 support, indicating potential trend reversal and bullish momentum.

Key Levels:

- Support: $21.215
- Resistance: $25
- Breakout target: $26-$27

Bullish Indicators:

- 11% gain in 24 hours
- Whale accumulation at $21.215
- Large holder positions maintained
- Increased social volume
- Higher lows formation
- Liquidation heatmap: Short positions clustered around $24

Potential Outcomes:

- Break above $25: Short squeeze, $26-$27 targets
- Failure to breach $25: Pullback to $21.215
- Sustained upward momentum

Analysis:

ETC's bounce from descending triangle support, combined with whale accumulation and increasing social engagement, suggests a potential trend reversal. Investors should monitor $25 resistance and liquidation data to confirm sustained momentum.

Recommendation:

Watch $24.50-$25 zone for potential breakout, and consider long positions above $25 with targets at $26-$27.