The post ETC Technical Analysis Feb 28 appeared on BitcoinEthereumNews.com.

ETC’s RSI is at 44.77 in the neutral zone, while MACD’s positive histogram provides a bullish momentum signal, the price remaining below EMA20 indicates short-term weakness; declining volume limits trend strength. Trend Status and Momentum Analysis ETC is currently trading at the $8.67 level and showing limited movement in the daily range of 8.47-9.08 with a 2.14% decline over the last 24 hours. The overall trend direction continues downward, with the Supertrend indicator giving a bearish signal and the $10.43 resistance forming a strong barrier. From a momentum perspective, we are receiving mixed signals: although RSI is at neutral levels, the positive MACD histogram could indicate potential recovery, but the price remaining below EMA20 ($8.85) maintains short-term bearish pressure. Volume is at a medium level of 41.77 million dollars, but it does not provide sufficient selling pressure confirmation in the downtrend; this shows that momentum remains weak. In multi-timeframe (MTF) confluence, a total of 9 strong levels were detected across 1D, 3D, and 1W timeframes: 3 supports/4 resistances in 1D, 2 supports/1 resistance in 3D, and 1 support/3 resistances in 1W, emphasizing a predominantly bearish bias. Main supports are $7.96 (score 72/100), $8.55 (67/100), and $7.15 (64/100); resistances stand out at $8.70 (80/100), $9.90 (67/100), and $9.08 (65/100). These levels will be critical thresholds determining momentum changes. RSI Indicator: Buy or Sell? RSI Divergence Analysis The 14-period RSI is currently at 44.77 and positioned in the neutral zone, neither in overbought (above 70) nor oversold (below 30) territory. In recent periods, while the price is making new lows, slight bullish divergence traces are visible in RSI: since RSI did not drop below the 40s as the price fell to $8.47, a hidden bullish divergence potential may form, indicating weakening selling momentum. There is no regular bearish divergence, as price declines…

---

Filed under: News - @ February 28, 2026 3:05 am