$ETC
## 📉 Market Update: ETC/USDT Analysis (4H Chart)
Ethereum Classic is currently trading at **$12.43** (approximately **₹1,123.05**), up about **+2.22%** in the short term. However, the overall 4-hour technical structure remains under pressure as the price continues to navigate below key resistance levels.
### Technical Highlights:
* **Moving Average Resistance:** The price is trading below the **MA(7)** at $12.59, the **MA(25)** at $12.77, and the long-term **MA(99)** at $13.25. The descending slope of the MA(99) indicates a sustained medium-term downtrend.
* **Support Found:** After a sharp drop from the December highs of approximately **$14.35**, the price recently found a floor at **$12.03**. This $12.00 psychological level is acting as the primary line of defense for bulls.
* **Current Trend:** The chart shows a "relief rally" attempt after the recent low. For this to turn into a true reversal, ETC must reclaim and hold above the **$12.80–$13.00** zone.
### Key Levels to Watch:
| Level Type | Price (USDT) | Significance |
| --- | --- | --- |
| **Major Resistance** | $13.25 | MA(99) overhead trend indicator. |
| **Minor Resistance** | $12.77 | MA(25) acting as short-term ceiling. |
| **Immediate Support** | $12.03 | Recent local bottom. |
> **Market Sentiment:** The broader sentiment remains cautious, with the Fear & Greed index showing signs of "Extreme Fear" recently. Traders are looking for a confirmed break above the $13.00 resistance before committing to long-term positions.
