Ethereum Classic is the greatest performer amongst the high 50 cryptocurrencies by market cap at this time.
ETC is up by greater than 4% at this time and has added 21% to its worth in the final seven days.
The broader crypto market is underperforming after a optimistic begin to the week.
ETC is outperforming the different main cryptocurrencies at this time
ETC, the native coin of the Ethereum Classic blockchain, is the greatest performer amongst the high 50 cryptocurrencies by market cap at this time. It is up by greater than 4% in the final 24 hours, and the price of Ethereum Classic now stands at $18.73.
According to the crypto analytics platform Santiment, Ethereum Classic is having fun with a fairly good rally of its personal. Not solely is quantity excessive, however ETC can be being shorted large time by merchants on exchanges.
This latest cryptocurrency news could possibly be the main catalyst driving ETC greater. The broader crypto market had a optimistic begin to the week however is now retreating. The complete crypto market cap stands at $817 billion, down by lower than 1% in the final 24 hours.
Bitcoin and Ether proceed to keep up their costs above the $16,800 and $1,250 ranges, respectively.
Key ranges to observe
The ETC/USD 4-hour chart is bullish as Ethereum Classic has been performing effectively over the previous couple of days. The technical indicators present that ETC is outperforming the broader crypto market.
The MACD line is deep inside the optimistic territory, indicating that the bulls are in command of the market. The 14-day relative power index of 78 reveals that ETC might enter the overbought area if the rally continues.
With the bulls in cost, ETC might surge previous the first main resistance level at $20.12 earlier than the finish of the day. In the occasion of an prolonged rally, ETC might commerce above the $23 psychological level for the first time since November 2022.
Where to purchase Ethereum Classic now
eToro
eToro provides a variety of cryptos, equivalent to Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and replica or get copied by different customers.
Public
Public is an investing platform that lets you make investments shares, ETFs, crypto, and different belongings like nice artwork and collectibles—multi function place.
