Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week. A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause…
Ethereum Classic saw its hashrate balloon when Ethereum finally moved to a proof of stake mechanism. The miners who were being kicked out of the network and could no longer use their machines had switched to others such as Ethereum Classic and Ravencoin to put their very specific machines to use. At the time, ETC’s…
Similarly to Bitcoin and other altcoins, ETC (Ethereum Classic) has been severely impacted by the FTX liquidity crisis. CoinGecko data show that the historical performance of the coin on the daily, weekly, biweekly, and monthly time frames is not promising for the ETH fork. The most noticeable depreciation among these was recorded for the bi-weekly time…
ETC’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $30. ETC faces a major test to trend higher above $30 after the price broke out of its descending triangle price movement. ETC’s price remains strong below the 50 and 200 Exponential Moving Averages (EMA) as…
There was a 5% loss in value for ETC over the past day. The Ethereum Classic coin has continued its fall on longer time frames since the July spike. Ethereum Classic bears were unable to withstand the selling pressure after the fork attempted to maintain a price above the $27 support line. As of this writing, ETC…
There was a 5% loss in value for ETC over the past day. The Ethereum Classic coin has continued its fall on longer time frames since the July spike. Ethereum Classic bears were unable to withstand the selling pressure after the fork attempted to maintain a price above the $27 support line. As of this writing, ETC…
Ethereum Classic (ETC) has been in the clutch of the bears as it has shaved off as much as 30% in the past two weeks. Ethereum Classic price down 30% in the past two weeks ETC trading at $27.69 as of press time ETC’s downturn opens up opportunities for short-term positions ETC has dropped below…
Ravencoin (RVN) and Ethereum Classic (ETC) were operated as a safe haven for miners seeking shelter from “The Merge” fallout. The event that completed Ethereum’s transition to Proof-of-Stake (PoS), “The Merge” locked out miners from the ecosystem. Leading into the event, Ravencoin, Ethereum Classic, and other Proof-of-Work (PoW) cryptocurrencies were recording double-digit gains. The new…
Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge. Ethereum PoW Forks Have Fallen 66% In Just Five Days According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge. The much talked-about event transitioned Ethereum…
We’re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for Ethereum. Technically, the event was a success and Ethereum kept a 100% uptime as optimistically predicted. Economically, the asset has been bleeding for the whole post-merge season. As a result, Ethereum lost ground…