ETC just got hammered—dropped to $16.44 with some nasty technical setups brewing.

Here's the damage: Price cratered ~11% from daily highs, RSI dove into oversold territory (think mean reversion setup), and the daily chart broke below the psychological $18 level. Volume picked up too—3.63M ETC moved, worth ~$62.2M, which usually signals serious selling pressure.

The bearish signals are stacking:
• 15-min chart: Both 20 and 50-period MAs crossed south = trend flip
• Daily: 50-MA just slipped below 100-MA (textbook bearish cross)
• MACD turned negative, though there's a tiny positive divergence forming
• RSI hitting oversold around 20 on the 6H chart

Now here's the thing—oversold RSI can spark a bounce. We're seeing hints of potential reversal, but don't count on it without real conviction (volume spike, clear chart structure). Most likely scenario? The downtrend keeps grinding lower unless something flips the momentum.

Session opened $18.17, closed $16.76. Range was $18.87 high to $16.23 low. Watch $16 as the next support—if that cracks, things could get messier.