JPMorgan Causes Crypto Controversy Following Strike CEO's Claims of Abrupt Account Closures
JPMorgan Account Closure: Jack Mallers, CEO of Strike, reported that JPMorgan Chase abruptly closed his accounts without explanation, raising concerns about unfair treatment of crypto leaders by traditional banks.
Industry Reactions: The incident has sparked widespread debate within the crypto community, with many voices expressing frustration over ongoing challenges faced by crypto businesses in accessing banking services.
Support for Mallers: Industry figures, including Tether CEO Paolo Ardoino, have rallied behind Mallers, suggesting that the situation highlights persistent tensions between digital asset firms and major financial institutions.
Ongoing Concerns: The closure of Mallers' accounts has intensified discussions about the potential for systemic debanking of crypto-related clients, as users continue to scrutinize the implications for the industry.
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Technical Analysis for ETC
Technical Sentiment Analysis for Ethereum Classic (ETC) As of , Ethereum Classic (ETC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum Classic (ETC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.611 | 5.381 | 7.331 | 9.101 | 11.051 | 12.821 | 14.771 |
| Fibonacci | 5.381 | 6.802 | 7.68 | 9.101 | 10.522 | 11.4 | 12.821 |
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