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The Ethereum Classic (ETC) price has the potential to strengthen to $ 8.1-9.3. There are a number of solid factors that lead to good growth.
BY: Muhammad Kurnia Wise
Crypto Asset Professional Trader at SnapEx
and founder of The Crypto Legend Indonesia
Late Bitcoin Halving, the volatility of the crypto asset market is becoming more prominent. Much bomb and a dump happened a few days ago Bitcoin has decreased significantly after rising but was unable to penetrate level resistance at $ 9,400.
Most of the other crypto assets also follow the Bitcoin movement. But not with Ethereum Classic (ETC). At the time of writing, the ETC price had risen nearly 13 percent in the past 24 hours, compared to other large crypto assets, whose increase was no more than 2 percent. How did this happen?
From a technical point of view, ETC has not touched the area gold Fibonacci pocket since event “black Swan“AND a dump Massive result of the WHO announcement declaring COVID-19 a pandemic in early March.
Now the ETC is heading towards the zone (the yellow zone between US $ 8.1-9.3). We can expect prices to get there.
The ETC price has also broken through 50 EMA at time frame weekly, an indicator that is accurate to show trend The market.
Fundamental: heading Mainnet
It could be that the increase in ETCs and the potential for very strong performance is due to the launch. mainnet Aztlán in June.
During 2020, Ethereum Classic has performed several times better than “its parents”, ie Ethereum.[[[[* *]
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