Get started

Etc

ETHUSDT |Night review| Will Ether cost $2,500Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉 Friends, let's not look back a lot. I remember a couple of months ago I wrote that Ethereum would cost below $1000 when the price slowly went from $1300 to $870 A couple of months have passed, the price has recovered again and people's interest has reappeared in this asset ETH 2.0 updates will be released soon and before that people start buying up ETH in the hope of getting a drop, as was the case with the separation of ETH and ETC, then they also gave a drop of ETC coins The update date will take place on September 19, I think until this moment the asset will cost $ 2,500 a week before the release, there will still be a warming up of the crowd and you will see a peak!
Long
by CryptoW1neer
ETC USDT - Patience is KeySeveral weeks ago I proposed a technical analysis trade setup for Ethereum Classic. First, I analyzed to see what the regime for this asset was: Mark Up, Mark Down, Consolidation. We noted that the regime appeared to be Mark Down, and furthermore that ETC was trading in an identifiable pattern, a channel. Channels are lovely when you discover them, as they give clearly defined entry and exit zones as well as easy invalidation in the event you are wrong. On the 25th of July, as I conducted this initial analysis, two proposed trendlines were drawn. In the first example, it seemed as if ETC was at resistance and that entry at that time would have been wise. I decided to be patient however, and wait for price to prove to me that my analysis was correct. I'm glad I was patient, as ETC has seen further upside pressure. Most of this is fundamental: as ETH moves toward The Merge, miners are panicking as their cash cow is about to exit. While there is much talk about forking ETH, with one version becoming the new PoS Merged System, and the remaining one the current PoW version. However, Ethereum Classic is already an ETH-miner friendly chain. It is the original ETH PoW chain. Therefore, the idea is that many miners in anticipation of the merge will begin porting over to ETC instead. This idea seems to have merit. We now have a clash of fundamental and technical analysis. The technicals show-case a wonderful short opportunity, however the fundamentals hint that much more upside could be in store for ETC. In this situation patience is key. We need to wait for price action to show us that the selling has begun, and trigger our entry into this short position. I'm waiting for price to break down below the red zone, at which point I will enter into my short position. Targets and stop loss are clearly marked on the chart. Feedback and thoughts are much appreciated.
Short
by CrackingCryptocurrency
ETC /USDT has a nice short term setupi think that for the next couple of days ETC will move inside a 10% channel. i will enter a short around 44.30$ and i will have two take profit points at 40,25$ and 41,70$. now for the bad scenario,its not even bad,i will cut my minimal losses if a 4hour candle closes above 45,3 which is a 2,2% loss. it's not a sure move,but it is a tiny risk move,so i will use only 2x leverage this is a short term move and i believe we will soon see it above 50$ and because of that,after my take profit hits i will upload another aide for a ETC LONG this whole idea is supported by pattern,indicators and genral market conditions.
Short
by POWcharts
ETC TopETC was a market leader for a while so it makes sense for it to top out before everything else. Money made from this on the way up will also roll into other projects as well. Looks like we've done a 5 wave impulse that has ended. The RSI of the 5th wave was higher than the 3rd but not by much. Close enough to call it a 'double top' - same with the price action. I believe this is a B wave up that has retested the highs. If it goes above the highs again then my count may be invalidated as we see an extended 5th. Looks like a safer short than a long here!
Short
by thekevin
PEPSI Of CRYPTO - Some Like it Classic 🥤Let's get things straight first: We all know the Coca Cola of Crypto. It starts with 'Bit' ends with 'Coin' 🏛️😼 And then there is Pepsi..sorry, I meant to say Ethereum. News = Volatility and short term Potential : Ethereum Classic soars 100% in nine days outperforming ETH as 'the Merge' approaches Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic. What is the difference between ETH classic and Ethereum? Difference Between Ethereum and Ethereum Classic. Ethereum, represented by the ETH, is the new chain that is the original blockchain's offset and takes a second to confirm any transaction. In contrast, the Ethereum Classic represented by ticker ETC is an original chain and not the offset of any original blockchain. The split revealed philosophical divisions within the Ethereum community. Based on the principle that “Code is Law,” a small number of developers and miners believed that The DAO's investors should suffer the consequences of investing in a flawed project. However, the majority of the Ethereum community decided to roll back the blockchain, effectively creating a bailout for The DAO's investors. KEY TAKEAWAYS Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic was originally known as Ethereum. It was conceived by Vitalik Buterin and the Ethereum Foundation and launched in 2015. Ethereum Classic was created after The DAO hack in 2016. The dispute caused a split in the Ethereum community, with the majority choosing to reverse the hack. Ethereum Classic is the name of the original, smaller blockchain. History of Ethereum Classic Initially, the Ethereum blockchain was established as a single network where transactions were facilitated by using the cryptocurrency ether or ETH. The new network quickly became popular for initial coin offerings, as different teams used the platform to launch their own tokens. One of the most successful ICOs was The DAO, a decentralized venture fund where investors would vote on assets to invest in. The DAO quickly accumulated more than 11 million ETH, from over 18,000 investors, before unknown hackers discovered a smart contract bug allowing them to withdraw about a third of The DAO's accumulated ether. 1 Due to the scale of the hack, many investors proposed reversing the Ethereum blockchain to rescue the affected investors, while others argued that doing so would set the precedent for future bailouts. After a hastily-arranged poll, 97% of the community voted to restore the lost funds through a hard fork. 2 As a result, the Ethereum blockchain split into two separate networks. The newer network inherited the name Ethereum and uses ETH or ether as its cryptocurrency. The older one, known as Ethereum Classic, uses ETC. Concerns of Ethereum Classic Although both Ethereum and Ethereum Classic offer smart contracts and are after the same market, Ethereum has gained in popularity as the more legitimate of the two networks. Also, Ethereum's ETH is second only to Bitcoin as the most valuable cryptocurrency network in the world. 3 One of the chief concerns of Ethereum Classic is the potential limitations when it comes to scalability. Typically, the network can handle 15 transactions per second, but that number is far less than payment networks such as Visa, which handles more than one thousand transactions per second. Although Ethereum Classic has gone through many software upgrades, the scalability of its payment systems remains to be one of its biggest challenges going forward. 4 Also, security is likely to remain an issue with smart contracts, particularly since Ethereum Classic has already experienced a hack and theft of millions of dollars. These concerns could potentially prevent smart contracts via Ethereum Classic from being used in major financial and real estate transactions. Regulations of the cryptocurrency market continue to develop, which may or may not change how Ethereum Classic—and other networks—operate. For example, the Security and Exchange Commission (SEC) does not consider Ethereum or Bitcoin securities due to their decentralized networks. 5 Without being considered a security, some cryptos may have challenges getting approved for inclusion in various financial products that contain a basket of securities, stocks, and bonds such as exchange traded funds and mutual funds. Going forward, uncertainty remains surrounding the regulatory landscape for Ethereum Classic as well as other, less popular blockchain networks. Future of Ethereum Classic The future of Ethereum Classic looks less bright than Ethereum since Ethereum is considered the more legitimate of the two networks, especially with the security concerns of Ethereum Classic. Investors have lost confidence in ETC over the years due to hacks into the system, and until ETC can redevelop its code and software to prevent future hacks, Ethereum Classic may have challenges ahead. However, it remains to be seen how the smart contracts will be developed within the Ethereum Classic project and whether they can be adopted for widespread use. How Is Ethereum Classic Different from Ethereum? Although Ethereum Classic's ETC has value as a speculative digital asset that investors can trade, Ethereum's ETH is considered the more legitimate and widely traded. In early 2021, the Chicago Mercantile Exchange (CME) approved the trading of ether futures. Only Bitcoin and Ether have been approved for such transactions. The futures are derivative contracts on an underlying security with a fixed price and maturity date. 6 Ether futures allow investors to trade ether for speculation but also to hedge an outstanding position in ETH or perhaps other cryptos. 7 We can determine how the investment community views ETC versus ETH by analyzing how much capital or investment dollars are being committed to the two currencies. When comparing the two market capitalizations of the two cryptos, ETH is the clear winner. The market cap of a cryptocurrency is calculated by multiplying the currency's price—based on a fiat currency such as U.S. dollars—by the outstanding coins or tokens in circulation. ETC has 133.9 million coins in circulation with a market capitalization of $6.1 billion while ETH has approximately 120 million in circulation and a market cap of more than $417 billion. ETC trades at $46.00, while ETH trades for more than $3,475 per coin as of April 2, 2022. 8 Although both networks offer smart contracts, the potential for the aforementioned security concerns surrounding ETC will likely push investors to invest in ETH and adopt Ethereum's smart contracts versus those of Ethereum's Classic. Goals of Ethereum Classic Since the split, there have been many upgrades and improvements to the Ethereum Classic project. The goal of the project continues to be working toward becoming a global payment network using smart contracts that can function without centralized governance. 9 As with other cryptocurrencies, Ethereum Classic will likely continue to strive to be a digital store of value, meaning it can be saved and exchanged while retaining its value. The digital store of value for crypto includes its purchasing power that can be quickly turned into cash or used to buy another asset, similar to money. How do you like your Pepsi? -Proof or work or Proof of Stake ? -Classic and forgotten or fond of Vitalik's changes? Let me know our thoughts. The FXPROFESSOR
Long
by FX_Professor
6
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (39.56). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETCUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 45.32 TP2= @ 48.31 TP3= @ 52.13 TP4= @ 55.77 TP5= @ 60.90 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (39.56). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETCUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 45.32 TP2= @ 48.31 TP3= @ 52.13 TP4= @ 55.77 TP5= @ 60.90 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4