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Summary
• Price broke above key resistance at $13.50 and surged to $14.16 with strong confirmation from volume and momentum.
• RSI and MACD signaled growing bullish momentum, with RSI near overbought levels at close.
• Volatility expanded significantly in the last 4.5 hours, with Bollinger Bands widening to support the rally.
• Fibonacci retracement levels from the earlier consolidation appear to be providing dynamic support and resistance.
Ethereum Classic/Tether (ETCUSDT) opened at $13.43 on 2025-12-08 at 12:00 ET, reached a high of $14.23, a low of $13.25, and closed at $14.16 on 2025-12-09 at 12:00 ET. Total volume was 31616.92, with a 24-hour notional turnover of approximately $446,593.
Structure & Key Levels
Price action on the 5-minute chart showed a strong breakout above the $13.50 resistance level following a period of consolidation and a bullish engulfing pattern. A 61.8% Fibonacci retracement at $13.52 provided a critical level of resistance, which was decisively breached. The 20-period moving average on the 5-minute chart turned sharply higher in the final hours, reinforcing the bullish bias.
Volatility and Momentum
Volatility spiked as Bollinger Bands widened from a tight range in the early hours, with price closing near the upper band on multiple occasions. MACD showed a strong positive divergence in the last 90 minutes, and RSI reached overbought territory (85), signaling exhaustion on the long side. However, volume remained robust, suggesting buyers are willing to defend higher levels.
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Volume and Turnover
Volume surged sharply during the late ET hours, particularly after the $14.00 level was broken. Notional turnover spiked above $4.5 million in the final 15-minute candle, with no clear divergence between price and volume. This confirms the strength of the move and rules out a potential false breakout.
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Forward-Looking Implications
With key resistance levels now behind and momentum still intact, ETC/USDT could continue higher toward the next Fibonacci target at $14.30. However, RSI near overbought levels suggests caution ahead, and a pullback to
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