61.8% is a Golden Retracement level, and ETH Classic has recovered much faster than the entire network and is on the cusp of a 61.8% Golden Reversal at $45. ETH Merge is the event that will push ETH Classic above this golden retracement level. Further, all indicators, whether short or long-term, indicate a buy. Read a thorough analysis on dasfinance.info.
The Volume Is also good. RSI is close to 60, which is very good for a bear market. MACD line has crossed above the Trend line.
Welcome to the trading view community. Good work on your first analysis.
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regards
Vanathi