Following the approval of the US Bitcoin ETF, altcoins have experienced a robust rally, overshadowing Bitcoin’s relative stability. Notably, Ethereum witnessed a 10% surge, but Ethereum Classic (ETC) outperformed with an impressive 32% gain, reaching $27.74 and boasting a market cap of $4.05 billion. ETC’s price surge has propelled it beyond the $26 mark for the first time since October 2022, and the substantial increase in trading volume indicates significant interest from major traders.
At the time of writing, ETC was trading at $27.98.
ETC was trading in a range from $14.5 to $17.25. The asset after taking multiple supports at $14.5 finally broke the range on the upside and the prices surged almost by 99% up to $28.88. ETC has a strong resistance at $30.5 and to further rally it needs to break, close and sustain above this level, whereas $24.5 will act as a strong support for the asset.
Key levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $18.25 | $24.5 | ETC | $30.5 | $35.75 |
