Ethereum Classic (ETC) Price Analysis: What’s Behind That Big Breakout

2018-8-7 06:48

Ethereum Classic had formed lower highs and higher lows to consolidate inside a symmetrical triangle on its 4-hour chart since the latter part of June. Price has recently busted through the resistance to signal that an uptrend is in the cards.

The chart pattern spans $12 to $19 so the resulting rally could be roughly the same height. However, moving averages have yet to catch up to the move since the 100 SMA is still below the longer-term 200 SMA. This suggests that the path of least resistance is to the downside or that sellers have the upper hand.

This could mean that a pullback to the broken triangle top around $17 is in order. After all, RSI is dipping into overbought territory on its move up, and turning lower could bring selling pressure back in. Similarly stochastic is indicating overbought conditions and looks ready to head south, so Ethereum Classic might follow suit.

News that cryptocurrency trading app Robinhood added Ethereum Classic to its list of tradeable digital assets turned out very bullish for this one as it would bring higher volumes and increased activity.

According to their official announcement on August 6:

Starting today, you can invest in Ethereum Classic on Robinhood Crypto, commission-free.

Robinhood also offers trading in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin, as well as track market data for 10 other cryptocurrencies. The app is currently available in 19 states, and the company continues to work to expand to more. Earlier this year, Robinhood was able to raise $363 million in a series D funding round to expand its business, bringing its valuation to $5.6 billion.

This decision to add Ethereum Classic to its mix comes just before Coinbase is set to add the option as well. The company announced:

We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we’re ready to accept inbound transfers of ETC. We intend to allow 24–48 hours of inbound transfers through Coinbase Pro and Coinbase Prime before enabling trading.

The post Ethereum Classic (ETC) Price Analysis: What’s Behind That Big Breakout appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2440.27 (-0.01%)
Объем 24H $17.852b
Изменеия 24h: -1.24 %, 7d: -7.00 %
Cегодня L: $2366.56 - H: $2443.23
Капитализация $293.851b Rank 2
Цена в час новости $ 410.28 (494.78%)

ethereum classic etc breakout behind big price

Источник: ethereumworldnews.com

ethereum classic → Результатов: 126


Milei Moneda Is Storming the Gates of Crypto Fortune While Ethereum Classic and SATS Lag Behind

TLDR Some investors believe $MEDA might be the best cryptocurrency to invest in now Ethereum Classic dropped by 6.24% over the past week. SATS decreased by 2.49% in price last week. Milei Moneda has been making waves in the crypto space since the start of its presale, with some investors believing it to be a […] The post Milei Moneda Is Storming the Gates of Crypto Fortune While Ethereum Classic and SATS Lag Behind appeared first on CoinJournal.

2024-3-19 14:00


Хешрейт Ethereum Classic взлетел более чем на 220%

После миграции Ethereum на алгоритм консенсуса Proof-of-Stake хешрейт «оригинального эфира» Ethereum Classic увеличился до 210 TH/s. Суточный рост показателя составил около 223%. Однако цена криптовалюты не демонстрирует заметной реакции.

2022-9-16 14:06


Ethereum Classic (ETC) Produces A Godlike Candle, How Far Can It Go?

Ethereum Classic (ETC) produced a godlike candle as the market’s sentiments changed to bullish against tether (USDT). The crypto market has become promising as most altcoins appear bullish, coming out of their shells with the like of Ethereum Classic producing double gains ahead of the “Ethereum Merge” sentiment pulling altcoins higher.

2022-9-6 15:52


Фото:

Ethereum Classic’s hashrate reached an all-time high, should you buy ETC?

Ethereum Classic (ETC/USD) is essentially an open-source, decentralized, and blockchain-based distributed cryptocurrency and network that has support for smart contract functionality. Ethereum Classic was formed in 2016 as a result of the Ethereum community’s disagreement regarding a change with the developers surrounding its immutability, where the entire network was affected.

2022-8-23 12:57


Как долго продлится восходящее движение цены Ethereum Classic?

Цена Ethereum Classic, похоже, идёт вразрез с широко распространённым мнением о том, что после значительного роста коррекция неизбежна. Бычий тренд развернулся 18 июня, и сделал небольшую передышку только 29 июля.

2022-8-4 21:06


Ethereum Classic вырос на 65% за неделю на фоне инвестиций Antpool

Благодаря инвестициям одного из крупнейших майнинговых пулов и позитивным комментариям Виталика Бутерина цена криптовалюты Ethereum Classic (ETC) выросла на 25% за прошедшие сутки и достигла $43.

2022-7-29 12:38


Ethereum Classic по сей день считается спящим гигантом

На конференции EthCC сооснователь Ethereum Виталик Бутерин порекомендовал всем майнерам, желающим остаться работать в сетях Proof-of-Work, обратиться к сети Ethereum Classic. Бутерин подтвердил, что в его словах нет издёвки, так как Ethereum Classic — оригинальная сеть Ethereum, которая не изменилась после атаки.

2022-7-25 14:09


«Слияние» заставило инвесторов обратить внимание на Ethereum Classic

На выходных цена Ethereum Classic выросла, прибавив внушительные 47%. Причиной этого успеха может быть переход майнеров Ethereum на Ethereum Classic, что связано с приближающимся обновлением сети The Merge («Слияние»).

2022-7-19 16:43


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Classic: Assessing the odds of an ETC rally before October ends

ETC eyes a rally as bullish momentum builds. Short position takers dominate 54.6% of the market supply, but increasing social activity could tip the balance. Ethereum Classic [ETC] has caughThe post Ethereum Classic: Assessing the odds of an ETC rally before October ends appeared first on AMBCrypto.

Ethereum Classic's 2024 - Here's what you should expect from its price

Ethereum Classic (ETC) flashed a general downtrend with decreasing price highs and lows, coupled with diminishing trading volumes A bearish 'death cross' suggested a potential long-term downtreThe post Ethereum Classic's 2024 - Here's what you should expect from its price appeared first on AMBCrypto.

Ethereum Classic pulls back after rally fueled by ETF approval

ETC’s price has dropped by double digits in the last week. Despite the price dip, bullish momentum remains.  Following a post-ETF-approval rally, Ethereum Classic [ETC] has begun to shed The post Ethereum Classic pulls back after rally fueled by ETF approval appeared first on AMBCrypto.

Ethereum Classic (ETC) Resumes Uptrend, Notches 13% In The Last Day

Ethereum Classic (ETC) is currently experiencing a rise in its market price, gaining 13. 99% in the last 24 hours, according to data from CoinMarketCap.   Following the ETC’s dip in the last two days, it appears the bulls have retaken control of the market, pushing the coin to trade above the $20 mark for the first time since April.