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Ethereum Classic is the finest performer amongst the high 50 cryptocurrencies by market cap as we speak.
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ETC is up by greater than 4% as we speak and has added 21% to its worth in the final seven days.
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The broader crypto market is underperforming after a optimistic begin to the week.
ETC is outperforming the different main cryptocurrencies as we speak
ETC, the native coin of the Ethereum Classic blockchain, is the finest performer amongst the high 50 cryptocurrencies by market cap as we speak. It is up by greater than 4% in the final 24 hours, and the price of Ethereum Classic now stands at $18.73.
According to the crypto analytics platform Santiment, Ethereum Classic is having fun with a fairly good rally of its personal. Not solely is quantity excessive, however ETC can be being shorted large time by merchants on exchanges.
This latest cryptocurrency news may very well be the main catalyst driving ETC larger. The broader crypto market had a optimistic begin to the week however is now retreating. The complete crypto market cap stands at $817 billion, down by lower than 1% in the final 24 hours.
Bitcoin and Ether proceed to take care of their costs above the $16,800 and $1,250 ranges, respectively.
Key ranges to observe
The ETC/USD 4-hour chart is bullish as Ethereum Classic has been performing nicely over the previous few days. The technical indicators present that ETC is outperforming the broader crypto market.
The MACD line is deep inside the optimistic territory, indicating that the bulls are in command of the market. The 14-day relative energy index of 78 reveals that ETC may enter the overbought area if the rally continues.
With the bulls in cost, ETC may surge previous the first main resistance level at $20.12 earlier than the finish of the day. In the occasion of an prolonged rally, ETC may commerce above the $23 psychological level for the first time since November 2022.
Where to purchase Ethereum Classic now
eToro
eToro presents a variety of cryptos, comparable to Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and duplicate or get copied by different customers.
Binance
Binance is considered one of the largest cryptocurrency exchanges in the world. It is healthier suited to extra skilled traders and it presents numerous cryptocurrencies to select from, at over 600.
Binance can be identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, comparable to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
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