Ethereum Classic (ETC) Reclaims $3 Billion Market Cap, More Upside To Follow?
Ethereum Classic (ETC) has followed the lead of its larger counterparts and posted some tremendous gains in the last couple of weeks. The token, which is an offshoot of the second-largest cryptocurrency, Ethereum, has been suffering due to the bear trend that has been plaguing the market. But as the sentiment has begun to turn, Ethereum Class (ETC) has emerged as one of the biggest winners of the last week. Ethereum Classic Adds 80% Ethereum Classic’s recovery in the last week has been nothing short of miraculous. Where other cryptocurrencies have been posting gains below 50%, the altcoin....
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Ethereum Classic recent surge was impressive against Bitcoin, and it looks like there are more upsides left in the short term. Key Highlights. Ethereum Classic (ETC) moved higher further against Bitcoin and traded as high as 0.0030BTC. There is currently a contracting triangle pattern formed on the 30-min charts of ETC/BTC, which may break soon for the next move. The chances of an upside break are more considering the current market sentiment. Ethereum Classic Trend. Ethereum Classic price ETC enjoyed a decent upside ride against Bitcoin recently, as the bulls managed to clear a couple of....
Ethereum classic price may continue to weaken, and the 4-hours chart of ETC/BTC points a break down if the bulls do not appear soon. Key Highlights. Ethereum classic price remained under heavy selling pressure and traded as low as 0.00106BTC. The 4-hours (data feed via Simplefx) of ETC/BTC clearly suggests a bearish trend with many resistances on the upside. The most important hurdle on the upside is near 0.00115BTC, followed by 0.00121BTC. Ethereum Classic Price Decline. There was a minor recovery in ETC price against the Bitcoin yesterday, but the price could not retain the momentum.....
Ethereum classic price gained traction versus the Bitcoin, and posted a bullish break to put the ETC buyers back in action. Key Highlights. Ethereum classic price after declining below 0.00150BTC versus the Bitcoin found support, and traded higher. There was a bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx), which was cleared during the recent upside move. There was a sharp upside move, taking the price above the 0.00180BTC level. Ethereum Classic Price Upside Move. This past week we saw how Ethereum classic price was struggling. It was under a lot of bearish....
Ethereum classic after moving higher found sellers and moved down. Can it continue heading lower or will it bounce back versus Bitcoin? Key Highlights. Ethereum classic spiked higher as forecasted in yesterday’s post and then found sellers. There is currently a bearish trend line formed on the 30-min charts of ETC/BTC, which is acting as a hurdle for an upside move. The current price structure is bearish in the short term, but I still feel there is a chance of a surge towards 0.0035BTC before a major top. Ethereum Classic Resistance. Ethereum classic price ETC was on the rise yesterday. I....
Ethereum Classic is preparing another hard fork. It was announced in statements published last week that the project’s development and mining community is committing to a change in its monetary policy by December of this year. Essentially a move to a new protocol, all current Ethereum Classic users and miners should have upgraded their software by then. If everyone does not upgrade their software, the project can split into two incompatible networks, blockchains and currencies. Of course, that is exactly how Ethereum Classic itself broke away from the Ethereum Foundation’s Ethereum last....