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Ethereum Classic / TetherUS

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ETC Embrace the Future of Finance: Invest in Crypto Today 💰**Ethereum Classic (ETC) Fundamental Analysis** **Overview** Ethereum Classic (ETC) is a hard fork of the Ethereum blockchain that occurred in July 2016. The fork was triggered by a hack that resulted in the theft of 3.6 million ETH, the native token of Ethereum. ETC supporters believe that the blockchain should not have been tampered with after the hack, while Ethereum proponents believe that the fork was necessary to protect the integrity of the network. **Fundamentals** ETC is a decentralized platform that allows for the development of smart contracts and decentralized applications (DApps). The ETC blockchain is secured by a proof-of-work consensus mechanism, which means that miners compete to solve complex puzzles to validate transactions and add blocks to the chain. ETC has a market capitalization of approximately $4.5 billion and a circulating supply of 145 million tokens. **Recent News** * **ETC Price Surges 46% in 24 Hours** ETC price has surged by over 46% in the past 24 hours, reaching a new all-time high of $31.15. The sudden price increase is likely due to a combination of factors, including increased institutional interest, positive news about the ETC ecosystem, and a broader rally in the cryptocurrency market. * **ETC Foundation Launches Funding Initiative for DApp Development** The ETC Foundation has announced a new funding initiative to support the development of DApps on the ETC blockchain. The initiative will provide grants to developers who are creating innovative and useful applications for the ETC ecosystem. * **ETC Price Prediction: Analysts Expect Further Growth** Several analysts are predicting that ETC price could continue to rise in the months and years to come. The ETC Foundation's funding initiative, as well as the growing adoption of decentralized finance (DeFi) applications on the ETC blockchain, are expected to contribute to the price growth. **Disclaimer** Please note that this is not investment advice. Cryptocurrency prices are volatile and can fluctuate significantly. Always do your own research before investing in any cryptocurrency. **In addition to the above, here are some additional things to keep in mind about ETC:** * ETC is a smaller and less liquid market than Ethereum. This means that ETC prices can be more volatile than Ethereum prices. * ETC is not as widely adopted as Ethereum. This means that there are fewer DApps and other applications built on the ETC blockchain. * ETC has a history of security vulnerabilities. In 2016, the ETC blockchain experienced a 51% attack, which allowed hackers to double-spend ETC tokens. Overall, ETC is a promising cryptocurrency with a strong team and a loyal community. However, there are also some risks to consider before investing in ETC. Investors should do their own research and carefully consider their risk tolerance before making any investment decisions.
Long
by MoonTradingForecast
🌐🚀 Ethereum Classic (ETC) Analysis 📊💹🔓 Breaking Out of Range: Ethereum Classic (ETC) is breaking out of its range dating back to October 2022. 📈 Bullish Scenario: If bulls secure the $27.30 level, there's potential for a push into the $40, where the next resistance lies. 📉 Bearish Scenario: If it's a bull trap, a potential downside could lead to a crash into the $18 region. ⚖️ Ethereum Ecosystem Movement: Ethereum Classic's breakout signals a potential shift in the Ethereum ecosystem dynamics. 📅 Timing Consideration: Waiting for confirmation and retesting of the region above the range rather than chasing the move. 📣 Conclusion: ETC's breakout brings the potential for a significant upward movement. The $27.30 level is crucial for bullish continuation. Caution advised, and waiting for a retest may provide a more strategic entry. #ETCAnalysis #CryptoMarket #EthereumClassic
Long
by Richtv_official
Brief Analysis——ETCLet’s get the long-awaited BTC ETF approved. This marks a new era for cryptocurrency. More funds from U.S. entities will flow into the crypto market. Although all 11 BTC ETFs have been approved, the SEC’s attitude does not appear to have changed. The reason we think so is that the SEC deliberately waited for the U.S. stock market to close before approving the BTC ETF, and when Gensler approved the BTC ETF, he stated that the approval of the ETF was only based on pressure from the court and did not support or recognize the view of BTC. Of course, this will not affect subsequent capital inflows, but regulation may mark some tokens as unregistered securities again to clean up the crypto market. Another special thing is that ETH saw a significant increase after the BTC ETF was approved, while BTC did not. This may mean that the market has turned its back on BTC ETFs and begun pricing Dencun. The token we will analyze today is ETC. As a token that will be halved in 2024, let’s take a look at its recent performance. Compared with other tokens, ETC has performed generally during this round of rise. Before yesterday, the maximum increase was less than 70%. With the gains yesterday, ETC is out of the 2023 range. This will have a positive effect on subsequent increases. Judging from the indicators, ETC has entered a bullish trend. On the WTA indicator, we can see that in the previous waves of rise, the inflow of whales represented an increase, and the outflow represented a callback. But the trend is closer to a fluctuation. Yesterday's rise in ETC was supported by a lot of whales. To sum up, we believe that ETC’s bullish trend is not over. Judging from the rise throughout 2023, As one of the few tokens with the halving concept and POW label, ETC has a greater possibility of rising. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
ETC/USDT 4H ChartI invite you to review the ETC chart on a four-hour interval. We will start by defining, using the blue lines, the upward trend channel from which we tried to exit at the bottom. Locally, a yellow downward trend line has formed. Let's now move on to marking support areas for the price and here, after unfolding the trend based fib extension grid, we can see that the price with dynamic movements returned to the support zone from $20.56 to $19.52, while leaving the zone at the bottom may result in a strong decline even to the vicinity $16.50. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we can see the $20.76 level again as resistance, after which we can see increases towards the strong resistance zone from $23.12 to $24.38 just at the upper border of the previously mentioned channel. Looking at the RSI indicator, we can see that we have approached the lower limit, which could have slowed down the decline, but there is still room for recovery, while the STOCH indicator shows a quick rebound from the lower limit, which gives us energy for another price drop.
by cryptodailyuk