Pseudonymous crypto analyst Altcoin Sherpa tells his 180,700 Twitter followers that smart contract protocol Ethereum Classic (ETC) looks poised for a significant pullback after its steep rally over the past few weeks.
“ETC: comfy in my short from $39s as a hedge. I think this goes to $33 and $30 (potentially) at a minimum. Taking profits there.”
Source: Altcoin Sherpa/Twitter
At time of writing, ETC is trading for $35.80, over 16% above Altcoin Sherpa’s downside target of $30.