Ethereum Classic (ETC) is at a crucial support level of 23.46 USD, the 0.618 Fibonacci retracement. Holding this level could lead ETC to rise towards resistance points of 37 USD to 63 USD, which could signal favorable trading conditions for investors.
Current indicators, including the MVRV ratio, suggest that ETC is nearing undervaluation. If this trend continues, it may indicate buying opportunities. However, falling below the 23.46 USD mark might signal additional price declines towards 15.14 USD.