Revising Ethereum Classic after Coinbase plans to end support for the cryptocurrency

2022-12-3 18:21

Coinbase has earmarked Ethereum Classic as among the tokens to remove from its wallet

ETC has been on a clear downtrend since August

The cryptocurrency could proceed to $13 if bulls do not arrest the decline

US crypto exchange Coinbase will end support for Ethereum Classic (ETC/USD) in January next year. The targeted assets also include XRP, XLM, and BCH. Coinbase cites low usage on its self-custody digital asset for the digital assets.

In its decision to remove the digital assets, Coinbase says it does so to roll out better features. The crypto exchange says users of unsupported assets can access them through a recovery phase.

The latest decision by Coinbase comes when digital assets have endured a prolonged crypto winter. However, Ethereum Classic had a strong run in July and August on expectations of miners influx after Ethereum merge. Since topping $45 in mid-August, ETH has endured a bear market. The cryptocurrency was trading at $19.48 at press time, losing 1.55% in the day. A technical outlook shows ETC on a downtrend.

ETC consolidates below moving averages in a bear market

ETC/USD Chart by TradingView

Ethereum Classic remains on a downtrend. The cryptocurrency has been trading on a system of lower highs and lower lows since August. ETC has always been rejected at the 20-day MA or 50-day MA.

From the technical outlook, ETC is consolidating but lacks enough power to the upside. It trades at the 20-day MA, while the 50-day MA lies higher, next to the resistance at $21. The RSI reading of 44 shows that bears are still in control.

What next for ETC?

A consolidation at $19 implies that bulls are trying to counter the bear pressure on ETC. However, the bears remain in control as shown by the limited upside. 

A bullish momentum will be confirmed if ETC price recovers above the moving averages or the $21 resistance. Conversely, a rejection by the moving averages could accelerate selling. 

That could see bears remain in control to the next support at $13.

Where to buy ETC

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ETC with eToro today Disclaimer

Coinbase

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

Buy ETC with Coinbase today Disclaimer

The post Revising Ethereum Classic after Coinbase plans to end support for the cryptocurrency appeared first on CoinJournal.

origin »

Ethereum (ETH) на Currencies.ru

$ 3189.89 (+0.26%)
Объем 24H $24.173b
Изменеия 24h: 1.31 %, 7d: -0.98 %
Cегодня L: $3101.86 - H: $3203.63
Капитализация $384.434b Rank 2
Цена в час новости $ 1293.03 (146.7%)

coinbase classic ethereum cryptocurrency etc support arrest

Источник: coinjournal.net

coinbase classic → Результатов: 126


Coinbase повысила время подтверждения депозитов Ethereum Classic до двух недель

Биржа Coinbase увеличила время подтверждения депозитов Ethereum Classic (ETC) до двух недель. Меры связаны с недавней серией атак 51% на сеть этой криптовалюты. Given the recent network attacks on Ethereum Classic, we have increased the confirmation time for ETC sent to Coinbase & Coinbase Pro to ~2 weeks.

2020-8-10 11:18


Время подтверждения депозита Ethereum Classic на бирже Coinbase выросло до двух недель

Меры предосторожности Coinbase от атаки 51% на блокчейн Ethereum Classic вызвали критику в сообществе Американская биржа Coinbase увеличила время подтверждения депозита криптовалюты Ethereum Classic (ETC) до двух недель.

2020-8-10 10:05


Ethereum Classic вырос на 17,12% из-за листинга на Coinbase, но стоит ли покупать сейчас?

Криптовалюта Ethereum Classic за последние несколько часов начала набирать обороты в связи с чем суточный результат составил прирост стоимости на 17,12 процента на момент написания материала.  Рост курса ETC последовал после объявления одной из крупнейших криптовалютных бирж Coinbase о том, что данная цифровая валюта сегодня станет доступна на данной платформе.

2018-8-16 13:06


Фото:

Платформа Coinbase Consumer начала поддерживать Ethereum Classic

16 августа в официальном Twitter Coinbase было анонсировано добавление Ethereum Classic (ETC) на платформу Coinbase Consumer. С 17:00 по тихоокеанскому времени покупка и продажа ETC станет доступной для всех пользователей сервиса

2018-8-16 13:00


7 августа может состояться листинг Ethereum Classic на Coinbase

Американская компания Coinbase сообщила о начале последней фазы тестирования поддержки Ethereum Classic, которая должна завершиться до 7 августа. После этого торговые платформы Coinbase Prime и Coinbase Pro начнут прием ETC-депозитов.

2018-8-4 23:26


Coinbase анонсировала поддержку Ethereum Classic

Ведущая платформа по обмену и продаже биткоина и других цифровых активов Coinbase объявила о предстоящей поддержке Ethereum Classic, спровоцировав стремительный рост цены актива. Как говорится в блоге Coinbase, сотрудники компании получили соответствующее уведомление и приступают к работе по интеграции этой 18-й по рыночной капитализации криптовалюты.

2018-6-12 07:49


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Can Ethereum Classic's Golden Cross take ETC's price to $40?

ETC hit its highest price in over six months. It has continued to trend upward after hitting a critical price level. Ethereum Classic [ETC] is gaining attention after achieving a "Golden CroThe post Can Ethereum Classic's Golden Cross take ETC's price to $40? appeared first on AMBCrypto.

Ethereum Classic rises 10% in 24 hours: Is $35 the new target for ETC?

Ethereum Classic rose by over 10% in the last 24 hours. Metrics signaled a potential bullish continuation for the altcoin. Ethereum Classic [ETC] looks to have gained investor favor once agaThe post Ethereum Classic rises 10% in 24 hours: Is $35 the new target for ETC? appeared first on AMBCrypto.

Will Ethereum Classic (ETC) hit $30 as price reaches six-month high?

Ethereum Classic (ETC) has captured significant attention in the cryptocurrency market, climbing to a six-month high of $28. 16. This surge has been driven by a mix of technical factors and broader market developments, positioning the Proof-of-Work blockchain as a key player in the current crypto rally.

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.