ETC technicals point to support test near $8.35 as RSI stays neutral and MACD turns bearish

What the technicals say

CoinDesk reports that ETC is testing support levels within a downtrend at the $8.35 level. The same source adds that ETC’s RSI is neutral.

It also flags momentum. CoinDesk states that MACD is giving bearish signals, which fits with the “testing support” framing rather than a clean rebound story.

What’s happening in the broader market

CoinDesk links ETC’s pressure to Bitcoin. It says Bitcoin’s sideways movement is sustaining pressure on altcoins.

The desk’s takeaway from that setup is simple. When Bitcoin chops instead of trends, CoinDesk says altcoins can stay under pressure even if specific charts like ETC are already pressing into support.

The risk at support

Support tests do not equal guaranteed outcomes. CoinDesk describes ETC “testing support” while technical indicators are mixed to bearish, with MACD bearish and RSI neutral.

So the key variable is what happens next at and around $8.35. CoinDesk’s excerpt stops there, meaning there is not enough detail here to say whether this becomes a bounce or turns into a further breakdown.