{"id":15835,"date":"2023-01-06T21:41:17","date_gmt":"2023-01-06T21:41:17","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/01\/06\/ethereum-classic-etc-usd-breaks-above-descending-trendline-but-exercise-caution\/"},"modified":"2023-01-06T21:41:18","modified_gmt":"2023-01-06T21:41:18","slug":"ethereum-classic-etc-usd-breaks-above-descending-trendline-but-exercise-caution","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/01\/06\/ethereum-classic-etc-usd-breaks-above-descending-trendline-but-exercise-caution\/","title":{"rendered":"Ethereum Classic (ETC\/USD) breaks above descending trendline but exercise caution"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661937208811-8dcda07f-10fc-4fbc-866d-c726498a0fb8-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661937208811-8dcda07f-10fc-4fbc-866d-c726498a0fb8-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661937208811-8dcda07f-10fc-4fbc-866d-c726498a0fb8-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661937208811-8dcda07f-10fc-4fbc-866d-c726498a0fb8-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/08\/1661937208811-8dcda07f-10fc-4fbc-866d-c726498a0fb8.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>\n                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Ethereum Classic is up 18% within the week<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The community has witnessed an elevated hash charge<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Ethereum Classic nonetheless faces bear stress at $19<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Ethereum Classic (ETC\/USD) has been of bull curiosity within the final two days. Despite dropping by an intraday 1% on Friday, it was nonetheless up 18% within the week. A majority of those features occurred on January 04, 2023. The features pushed the cryptocurrency above an important descending trendline that has contained ETC for some time. But how far can ETC features proceed?<\/p>\n<p dir=\"ltr\">Ethereum Classic was tipped for fulfillment when Ethereum <a href=\"https:\/\/coinjournal.net\/news\/ethereum-finally-migrates-to-a-proof-of-stake-after-completing-the-merge\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>shifted to the Proof of Stake<\/u><\/a> protocol. Ethereum Classic is itself a Proof of Work protocol. Thus, Ethereum\u2019s shift, often known as the Merge, was anticipated to push PoW miners to Ethereum Classic. Although initially boosting the worth, ETC later crashed because the speculations waned.<\/p>\n<p dir=\"ltr\">The newest ETC features reignite hopes of miner exercise on Ethereum Classic. While the hash charge went downward in December 2022, it began to realize momentum towards the brand new 12 months. The hash charge improved from 97.5975 TH\/s on December 27 to 111.7497 TH\/s on December 30, in accordance with CoinWarz knowledge. That may point out elevated miner exercise and ETC transactions which boosted costs after the brand new 12 months. But patrons might must exercise caution on the present worth stage.<\/p>\n<h2 dir=\"ltr\"><strong>Bullish ETC nonetheless going through bearish stress regardless of breakout<\/strong><\/h2>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/00\/06\/1673039701277-8a82e12c-33da-4724-b8c4-dc65bde703be.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"313\"\/><\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/symbols\/ETCUSD\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>ETC\/USD Chart by TradingView<\/u><\/a><\/p>\n<p dir=\"ltr\">A technical outlook reveals momentum has elevated strongly for ETC. The MACD indicator is trying to interrupt above the impartial zone. However, bears try to power a correction after ETC reached resistance at $19.<\/p>\n<h2 dir=\"ltr\"><strong>What to do with ETC?<\/strong><\/h2>\n<p dir=\"ltr\">Despite breaking above the descending trendline, ETC is going through a correction. The worth is but to commerce above the earlier excessive.<\/p>\n<p dir=\"ltr\">A break above the $19 resistance is the wanted validation to contemplate additional upsides. Investors ought to solely\u00a0<a href=\"https:\/\/coinjournal.net\/ethereum-classic\/buy\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>buy ETC<\/u><\/a> if it recovers above $19 with a confirmed bullish momentum. At the present worth, ETC nonetheless faces a droop again to the $14 backside worth.\u00a0<\/p>\n<h2 dir=\"ltr\"><strong>Where to purchase ETC<\/strong><\/h2>\n<h3>\n    eToro<\/h3>\n<p>eToro provides a variety of cryptos, corresponding to Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro customers can join with, study from, and duplicate or get copied by different customers.<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/etoro-crypto?guid=OTkyMjk&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=1&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy ETC with eToro today            <\/a><br \/>\n            <button class=\"flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none\" data-tooltip=\"Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.\" aria-expanded=\"false\"><br \/>\n            <span class=\"border-b border-gray-600 border-dotted\">Disclaimer<\/span><br \/>\n            <span class=\"ml-1\"><br \/>\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" viewbox=\"0 0 512 512\" class=\"w-3 h-3\">\n                    <path fill=\"currentColor\" d=\"M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z\"\/>\n                <\/svg><br \/>\n            <\/span><br \/>\n        <\/button>\n    <\/p>\n<h3>\n    Binance<\/h3>\n<p>Binance is among the largest cryptocurrency exchanges on the planet. It is healthier suited to extra skilled buyers and it provides numerous cryptocurrencies to select from, at over 600.<\/p>\n<p>Binance can be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, corresponding to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.\n<\/p>\n<p>\n    <a href=\"https:\/\/coinjournal.net\/visit\/binance-crypto?guid=OTkyMjk&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=AZ&amp;position=2&amp;totalPositions=2\" rel=\"noopener nofollow sponsored\"><br \/>\n                    Buy ETC with Binance today            <\/a>\n    <\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ethereum-classic-breaks-above-descending-trendline-but-exercise-caution\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Ethereum Classic is up 18% within the week The community has witnessed an elevated hash charge Ethereum Classic nonetheless faces bear stress at $19 Ethereum Classic (ETC\/USD) has been of bull curiosity within the final two days. Despite dropping by an intraday 1% on Friday, it was nonetheless up 18% within the week. A [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[313,5026,1496,3847,4595,108,5731,3033],"class_list":["post-15835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-breaks","tag-caution","tag-classic","tag-descending","tag-etcusd","tag-ethereum","tag-exercise","tag-trendline","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=15835"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15835\/revisions"}],"predecessor-version":[{"id":15836,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/15835\/revisions\/15836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/7693"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=15835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=15835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php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