which way do you see?Whats your Idea? I see 4 way for ETC. 1 / 2 / 3 / 4 ? pease check My Idea about other carencies Thank youShortby Drchaychi224
ETCThe price failed to consolidate above the EMA and is forming a bearish descending triangle pattern. The price will fall to the $23 zone if the pattern is worked outby PUMPmaps556
ETC- Increased Rebound Possibilities Looking better than Ethereum at the moment. One Love, The FXPROFESSOR PREVIOUSLY NOTED: 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.Longby FX_Professor339
ETC Short IdeaEverything is on the chart. NFA, DYOR, do not risk what you can not afford to lose. Have good luck, traders.Shortby bokgdan119
ETCThe price forms a cup pattern. A slight price correction is possible after the formation of bearish divergences and further growth after the confirmation of the cup and handle patternby PUMPmaps5
ETCUSD ❕ bearish divergenceBroke through the upside of the 200MA (4H TF) Price and RSI formed a bearish divergence (1H TF) I expect that the asset may go down, but after the test and fixation above the support level, ETC will continue to grow within the range.Longby Solldy559
Etc long position Etc certainly is bullish for the last 2 days. There is so much volume right now in the market and I’m going long. Already in profit, hopefully target gets hit. I am open to other opinions, pls feel free to comment. I’m willing to learn too ✌️Longby diplomats1
✅ Ethereum Classic Price Analysis "FW"The above chart of Ethereum Classic (ETC) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down. Currently, Ethereum Classic (ETC) is in the range of $35.80. If the pattern continues, the price of Ethereum Classic (ETC)might reach the resistance levels of $45.60 If the trend reverses, then the price of Ethereum Classic (ETC) may fall to $33.70 ✅Trade Level Entry Point : $36.70 Target : $45.60 Stop Loss : $33.70 Happy TradingLongby TheNewsCrypto171740
ETC above weekly support#ETC/USDT $ETC is still above weekly support. price can continue sideway moves between descending trend lines for a while! 🐻 rejection from upper zone can shape a Head and Shoulders pattern and drop price to the lower line of weekly support. 🐮 break out from the upper zone can ride price to the moon. by parissap10109
ETC local moveThe overall crypto market is short-term bullish, I expect a correction to the upwards on ETCUSDT and the price should fill the 1-day gap, after that the bearish movement should continue. Shortby Closebutnotquite1110
ETCUSDTIt looks like a big downtrend is still active. BINANCE:ETCUSDT It is not financial advice.Shortby vdtt337
ETC Long ideaETC Long from $33, risk of about 4-5%. Stop loss and r multiples on the chartLongby CryptoNFood8
Possible repeat of May 2 - 6 2021 15 Months later?Lots of similarities in the chart this week and back then PA is very identical by SinCityGrows113
✅TS ❕ ETCUSD: went down✅✅ETC formed several peaks, after which the price went down. The trend has changed and now we can expect the movement to continue.✅ 🚀 SELL scenario: short to 26.47.🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.Shortby UnknownUnicorn15614419228
ETC ELLIOT WAVE DONE ??ETC has completed the fifth elliot wave in the 4H time frame after moving of the bearish wave. As you can see in the graphic, it may have a bearish leg to 29-28 dollars.Shortby MgalihUpdated 115
ETC BET hi every one guess how many percent possebility this move happen to etc share ur idea in comments Shortby behzad0512225
ETC is very Bearish. Hi, again guys I really don't know what to say here. But this one will definitely make some corrections. I personally use a manual stop on my positions. Good luck. RegardsShortby srctghnUpdated 559
ETCThe price fell to the 50 EMA zone. If the RSI stays above the 50 level, the price will bounce up to the downtrend line. Support and resistance levels are indicatedby PUMPmaps1
pending breakoutHello all, It is important to be open to both bull and bear scenario. I will hold for breakout before taking a positionby Trader4081
🟩 BUY ETC SetupBuy ETCUSDT BUY 40.5 Target 46 50 55 60 SL 6H Close Under 38.70 Longby MaboulgheetUpdated 2210
ETC/USDT LONGJust a quick retracement needed. It had a recent downtrend which we need to retest before going lowerby richbutnotfamous1