Ethereum Classic Price Analysis: ETC/USD Tumbles To New 2018 Low

Key HighlightsEthereum classic price declined sharply and broke the $8.00 and $7.00 supports against the US dollar.
There is a short term consolidation pattern forming with resistance at $7.70 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
The pair is in a major downtrend and it could decline again towards $7.00 or $6.70 in the near term.Ethereum classic price is under heavy selling pressure against the US Dollar and Bitcoin. ETC/USD traded to a new 2018 low below the $7.00 supp