【ETCJPY】A range asset like the Australian Dollar

In the overall bear market for cryptocurrencies, many coins are hitting new lows and entering spaces without support, but Ethereum Classic seems to have a clearer path for its price movement. The reason is that, like the AUD/JPY in FX, it is moving within a clear range.

In terms of the large range, the upper bound is about 2700 yen, the lower bound is about 900 yen, and the market level is about 1900 yen. In terms of a smaller range, the upper bound is about 2000 yen, the lower bound is about 1300 yen, and the market level is about 1600 yen. Currently, it is moving toward the smaller range of 1300 yen. Our focus is first on whether there will be a rebound at this level.