Ethereum Classic Price Technical Analysis – ETC/USD Declines Below $40

Key HighlightsEthereum classic price after a decent upside move faced sellers near $47-48 against the US dollar.
There is a declining channel forming with resistance at $40.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
The pair may continue to move down and it could test the $34.00 or even $32.00 support area.Ethereum classic price is under pressure against the US Dollar and Bitcoin. ETC/USD may correct further towards the $32.00 level in the near term.
Ethereum Classic Pric