Ethereum Classic rallied 36.5% in under a week before correcting by 11.16% from $9.68 to $8.60 on April 23. This correction was part of a broader market selloff driven by Bitcoin’s 2.10% drop and $547.65 million in liquidations over 24 hours. Despite this pullback, the higher timeframe bullish structure remains intact on the daily chart, with the $7.09 support level holding firm. A potential extension of the correction toward $8.39-$8.08, or even the 78.6% Fibonacci retracement at $7.64, could present a buying opportunity if this key support level holds.
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