Categories: Ethereum

Ethereum Classic Technical Analysis: ETC/USD ramping as markets prepare for the Ethereum hard fork

Click here to view original web page at www.fxstreet.com
  • Ethereum Classic is the darling of the crypto market
  • ETC/USD is up over 13% over the last two sessions
  • Could 7.50 be a barrier for a move higher

Ethereum Classic is really benefitting from the Ethereum hard fork which is scheduled to be enacted in just over a months time.

Today priced bounced off the 5.5000 level and pushed with some force toward the next resistance at 7.5000. This level has been used to great effect five times over the life span of the 4-hour chart above.

Both indicators (MACD/Stochastic) turned sharply higher 35K contracts exchanged hands within the last 48 hours. The social media bulls have touted a rally to 10k but this must be taken with a pinch of salt.

10,000 is a key level on the weekly chart as the last rally was halted at the psychological level. The market cap of the coin has risen dramatically in the last 24 hours to reach USD 114 thousand. At the moment the psychological 7.000 resistance is holding up further gains.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

ETC/USD is up over 13% over the last two sessions

Could 7.50 be a barrier for a move […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Opinion: We Want Bitcoin Results, Not Predictions

Is it safe to say that people are tired of talking about bitcoin? While not necessarily bored by it, they… Read More

5 hours ago

THE BLOCKCHAIN IN ADVERTISING REPORT: Blockchain’s potential to reduce ad fraud and how marketers can get ready

This is a preview of a research report from Business Insider Intelligence . To learn more about Business Insider Intelligence,… Read More

5 hours ago

Blockchain Technology Market 2019 Emerging Technology Research Report by Key Players- Microsoft ,Samsung, IBM, Deloitte,BTL Group, Linux Foundation

New York, NY 16 Sep 2019: – According to a new study published by Polaris Market Research the global blockchain… Read More

5 hours ago

Blockchain to transform most industries in 5-10 years

(Image: Stockfresh) Pro 16 September 2019 | 0Research firm Gartner, whose past evaluations of blockchain have been conservative to say… Read More

5 hours ago

Bitcoin was Facebook’s first choice says Abra’s CEO

Bill Barhydt, CEO of Bitcoin investment platform Abra , claims that Facebook staffers told him the company wanted to use… Read More

5 hours ago

Is This The Biggest Threat To Bitcoin, Crypto, And Facebook’s Libra?

Bitcoin and crypto investors were put on notice this week when French and German government officials backed European Central Bank… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More