$ETC Here is the short-term analysis for ETC:
## **Current Market Status**
* **Price:** Trading between **$9.60 and $9.85** (down from ~$13.50 in early January).
* **Trend:** Short-term **Bearish** but stabilizing.
* **RSI:** Hovering around **32**, which is very close to the "oversold" threshold (30). This suggests the selling pressure is reaching exhaustion, and a minor bounce is likely.
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## **Technical Analysis (Short-Term)**
| Level Type | Price Target | Significance |
| --- | --- | --- |
| **Major Resistance** | **$10.60 - $11.00** | ETC must break back above $10.60 to cancel the bearish momentum. |
| **Immediate Support** | **$9.15 - $9.30** | This is the "Safety Zone." It has held as a floor over the last few days. |
| **Recovery Target** | **$13.00** | If Bitcoin stays stable above $75k, ETC could target this range by late February. |
### **Key Takeaways**
* **The "Olympia" Factor:** There is growing talk about the **Olympia Upgrade (ECIP-1111)** planned for later this year. While it's a long-term event, any positive news regarding fee burns or DAO governance could trigger a speculative "pump."
* **Hashrate Stability:** Despite the price drop, ETC remains one of the most popular coins for GPU miners. This provides a "fundamental floor" because miners generally avoid selling at massive losses, reducing supply at these low prices.
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## **Summary & Strategy**
* **For Scalpers:** Look for entries near **$9.40** with a tight stop-loss at **$9.10**. The first profit-taking target should be **$10.40**.
* **For Long-term Holders:** Accumulating below **$10** has historically been a decent entry point for ETC, provided you are willing to wait for the broader market recovery.
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