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
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.