Ethereum Classic Price Analysis: ETC/USD Poised for Further Gains

Key HighlightsEthereum classic price formed a support base at $16.40 and recovered against the US dollar.
There was a break above a crucial bearish trend line with resistance at $18.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
The pair may continue to rise towards the $20.50 and $21.00 resistance levels in the near term.Ethereum classic price is recovering nicely against the US Dollar and Bitcoin. ETC/USD may well accelerate higher above $21.00 if buyers gain control.
Ether