Ethereum ClassicShort
ETCUSD - Retesting Crucial Support
Ethereum Classic has made some big moves in the recent months.
Currently we are retesting a crucial support/ demand zone . If we cannot close daily candles ABOVE this zone, more downward movements can be expected.
ETC is a product of the hard fork on Ether back in 2016 after a major hack. From this hardfork came more scalable Ethereum and Ethereum Classic (the prior).
ETH 2.0 is set to be released in August, there is a possibility that this may influence the price of ETC negatively.
Thanks for watching
BlockTechEv
Currently we are retesting a crucial support/ demand zone . If we cannot close daily candles ABOVE this zone, more downward movements can be expected.
ETC is a product of the hard fork on Ether back in 2016 after a major hack. From this hardfork came more scalable Ethereum and Ethereum Classic (the prior).
ETH 2.0 is set to be released in August, there is a possibility that this may influence the price of ETC negatively.
Thanks for watching
BlockTechEv
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SoftQuant Website
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