The value of Ethereum Classic (ETC) has been very impressive over the last two days, but the digital currency now risks falling below $ 12. The 4-hour chart of the coin reveals that the value of the currency has formed two candelabras over the exponential moving average of 10. However, the relative strength index and wave analysis show a potential short-term decline.
It will not be easy, however, since the value of the digital currency will have to break below the exponential moving average 21 in order to fall. However, if this happens, the value of the coin would test the bottom of the growing wedge, and a break below this level will take the value of the coin under the sign of $ 12.
Ethereum Classic (ETC) Price today – ETC / USD
At the time of printing, Ethereum Classic (ETC) traded at $ 13 after a decrease of more than ten percent over the past twenty-four hours. The current digital currency market capitalization is $ 1.31 billion and its trading volume over the past twenty-four hours is $ 213.62 million.
Recent developments around the coin
Ethereum Classic has seen much interest from the best players out of the industry in recent months. The recent list of ETCs on Coinbase has made it even more attractive to investors. Moreover, in Ethereum (ETH) there is a series of quarrels that left so many miners one step away from the migration to Ethereum Classic (ETC) concerned, as Vitalik Buterin (the founder of Ethereum) and his development team has delayed the removal of mining difficulties
On the other hand, Ethereum Classic (ETC) has removed its "trouble bomb" this year and many of the major players are already considering it as the next great thing. Recently, BTC.com and Bitmain – two major digital money extraction centers – announced that they would carry out ETC mining. A lot of people are starting to see the potential of ETC