$ETC | Weekly Structure Update – Descending Triangle in Focus 👀
Ethereum Classic is currently testing the lower boundary of a descending triangle on the weekly timeframe, a level that often determines the next major directional move.
Key Observations:
Long-term support is actively being defended
Volume expansion suggests renewed participation
Selling pressure is weakening near the lows, indicating potential seller exhaustion
Upside Reaction Zones (if support holds):
🎯 $18 → $25 → $40 → $53 → $78 → $120
Historically, the best risk-to-reward opportunities emerge when sentiment is at its most fearful. This zone is worth close attention as the market approaches a critical decision point. 🔥📊
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