Ethereum Classic shows support in place, as we see it forming a bullish setup formation from Elliott wave perspective.

Ethereum Classic can be finishing a corrective A-B-C pullback, as we see it forming a bullish setup formation from Elliott wave perspective.

Ethereum Classic was trading about 5% lower on Sunday after breaking down bearishly from a quadruple inside bar pattern on the daily chart.

Ethereum Classic was plummeting about 15% lower on Wednesday after soaring about 116% higher between March 14 and Tuesday.

Ethereum and Ethereum Classic were flying up over 12% and 4%, respectively, on Tuesday. The cryptocurrency sector has been rebounding since March 14, with Ethereum Classic leading the way and skyrocketing over 70% since that date.