$ETC finally gave us some relief today. After yesterday’s NFP-driven dump dragged the entire market lower, ETC bounced from around $7.37–$7.45 and pushed as high as $7.78–$7.80. That’s roughly a 4–5% move, with price now chopping around the $7.65–$7.77 area. For me, this looks more like an oversold bounce than a confirmed trend reversal just yet. I’m watching how ETC reacts around these levels before getting too aggressive. The important part is that buyers showed up when the market looked weak. Let’s see if $ETC can build on this move.
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