Ethereum Classic rises for second straight Wednesday Did. US consumer confidence data beat expectations. The figures show that US consumer confidence rose to 108.3, the highest level in eight months. Monero also climbed higher in the news as it extended its recent gains.
Ethereum Classic (ETC)
Ethereum Classic (ETC) rises for second straight day as markets react on Wednesday Did. US Consumer Confidence Data Beats Expectations.
Today’s figure, originally expected to be 101, hit 108.3 in December, beating expectations.
As a result of today’s data,ETC/USD peaked at $16.64 earlier in the day. This is nearly 5% higher than Tuesday’s low of $15.59.
As price continues to move away from Monday’s bottom , the move was at $14.74, which was the lowest point since ETC in July.
This surge coincided with the 14-day Relative Strength Index (RSI) rising from the 28.00 floor and now tracking at 37.61. The
index now appears set to collide with the 41.00 resistance. This could mean that prices will start to fall.
Monero (XMR)
Monero (XMR) surged for the fifth day in a row, resulting in another $100,000 in today’s session. showed a significant price increase.
Following Tuesday’s low of $146.31,XMR/USD surged to an intraday high of $148.16 earlier in the day.
Wednesday’s move brings Monero to its highest level since Friday and the token is approaching the $150.00 resistance level.
chart, movement occurred when RSI crossed 54.00 resistance level To do. and is currently tracking 55.88.
Despite the recent bullish sentiment, the 10-day (red) moving average appears to cross over with the 25-day (blue) moving average.
If this move occurs,XMR could move towards the floor near $139.
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