The post ETC Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

ETC is trading at the 9.84$ level with a 4.65% drop in the last 24 hours and is experiencing a critical turning point in the oversold zone with RSI at 27.31. Both the bullish scenario with a bottom formation and the downside risk with support breakdown are equally possible, a point that traders should watch carefully. Current Market Situation ETC is trading at the 9.84$ level and experienced a 4.65% drop in the last 24 hours. The daily range was between 9.01$ – 10.34$, while trading volume fell to 107.74 million dollars. The overall trend is downward; the price remains below EMA20 (11.37$) and the Supertrend indicator is giving a bearish signal, with resistance clearly forming at 11.65$. RSI at 27.31 carries bounce potential in the oversold zone, while MACD confirms bearish momentum with a negative histogram. In multi-timeframe (MTF) analysis, 8 strong levels were identified across 1D, 3D, and 1W charts: 2 supports/2 resistances on 1D, 1 support/2 resistances on 3D, 1 support/2 resistances on 1W. Critical supports are 9.01$ (score 73/100) and 9.768$ (64/100); resistances are 10.134$ (70/100) and 11.12$ (61/100). This structure offers traders opportunities to prepare for both short-term recovery and continuation of the downtrend. Scenario 1: Bullish Scenario How Does This Scenario Unfold? For the bullish scenario, a clear break and close above the 10.134$ resistance is required first; this signals a short-term momentum shift. Then, a move toward 11.12$ and Supertrend resistance at 11.65$ is expected with increased volume. RSI moving above 30 and MACD histogram approaching zero would serve as confirmation signals. In MTF, bullish divergence formation on 1D and 3D charts (if price makes a new low but RSI makes a higher low) could be a trigger. Stabilization or slight recovery in BTC would also support ETC. This scenario’s invalidation: It becomes…

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Filed under: News - @ February 1, 2026 10:28 am