Ethereum Classic Price Analysis: ETC/USD Could Retest $4.00 Support

Key HighlightsEthereum classic price started a fresh decline after trading close to $5.30 against the US dollar.There was a break below a major bullish trend line with support at $4.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair is now at a risk of more losses below the $4.40 and $4.20 levels.Ethereum classic price declined sharply against the US Dollar and Bitcoin. ETC/USD is back in a bearish zone and it could revisit the $4.00 support level.Ethereum Classic Price AnalysisThis past week, there was a decent recovery above $4.80 in ETC price against the US dollar. The ETC/USD pair traded above the $5.00 and $5.20 resistance levels. A high was formed at $5.27 and later the price started a fresh decline.

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