Ethereum Classic (CRYPTO: ETC) is trading higher Friday, moving higher alongside the rest of a bullish crypto market.

Ethereum Classic looks to be on the verge of a breakout. The last time the crypto broke out it ran to a high of $175. Theres a chanceif the crypto sees another breakout the sameresult could happen.

Ethereum Classic was up 5.01% at $70.97 at last check.

Bullish traders want to see Ethereum Classic break above resistance and push higher. Ethereum Classic has run to over $175 in the past so it isnt impossible for it to do it again. Bulls would like to see some consolidation after a breakout for possible further moves.

Bearish traders would like to see Ethereum Classic fall below the cup pattern and start to fall further. Bears would like to see the crypto start heading down toward the possible $40 support level. Eventually, bulls would like to see the crypto fall below the $40 level.

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Ethereum Classic Is On The Verge Of A Breakout: Could This One Be Bigger Than The Last? - Benzinga - Benzinga