Ethereum Classic (ETC) is at the moment experiencing an increase in its market value, gaining 13.99% within the final 24 hours, in line with data from CoinMarketCap<\/a>.\u00a0<\/span><\/p>\n Following the ETC\u2019s dip within the final two days, it seems the bulls have retaken management of the market, pushing the coin to commerce above the $20 mark for the primary time since April.<\/span><\/p>\n Ethereum Classic has discovered a spot among the many headlines within the final two weeks following its preliminary bearish type initially of June.\u00a0 <\/span>ETC started the month buying and selling round $18.01 earlier than experiencing a nosedive which noticed the token commerce as little as $13.99 on June 10.<\/span><\/p>\n Related Reading: Litecoin Up 18% In Past 24 Hours, Is Halving Rally Here?<\/a><\/p>\n Thereafter, ETC would rise to $15.03 and hover round this value area for the following few days earlier than embarking on a bullish run that to realize by 28.60% between June 20 and June 24, hitting the value resistance degree at $19.33.\u00a0<\/span><\/p>\n The following days would then current a combined value motion earlier than ETC lastly retraced to its key help degree at $17.64 on June 29. After retesting at this value zone, ETC\u2019s value has resumed its uptrend, climbing greater since then.<\/span><\/p>\n Ethereum Classic (ETC) stays one of many main tasks within the cryptocurrency house. Launched in July 2016, Ethereum Classic is a tough fork of Ethereum created to protect the aim and integrity of the unique Ethereum community.\u00a0<\/span><\/p>\n At the time of writing, ETC is exchanging palms at\u00a0 $20.90, with a 1.51% acquire within the final hour. The token\u2019s 24-hour buying and selling quantity is at the moment valued at $482 million, having additionally gone up by 208.92%.<\/span><\/p>\n Looking on the ETC\u2019s hourly chart, its Moving Average Convergence Divergence (MACD) stays properly above the sign line indicating the token\u2019s bullish run should still be on.\u00a0<\/span><\/p>\n However, its Relative Strength Index (RSI) is at the moment within the overbought zone at 89.71, that means a promoting strain might quickly happen, which can drive down the token\u2019s value.<\/span><\/p>\n Related Reading: Ethereum Continues Uptrend As Staked ETH Soars To New High<\/a><\/p>\n According to the prediction website, WalletInvestor<\/a>, if the bulls handle to maintain shopping for strain, ETC\u2019s value would expertise solely a small rise reaching the market worth of $21.42 in 14 days.<\/span><\/p>\nETC\u2019s Price Action In June<\/span><\/h2>\n
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ETC Trading At $21.03 On The 1-Hour Chart | Source: ETCUSD Chart On Tradingview.com<\/a><\/pre>\n
ETC Price Analysis And Prediction<\/span><\/h2>\n