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Ethereum Classic {ETC} community awaits the arrival of the Summit post-Atlantis upgrade


Ethereum Classic is ranked at #19 to the north of NEO and Chainlink in the market. The price surged down at a rate of 0.97% in the course of the past 24-hours. This led to ETC sinking to reach $6.15 where it currently holds. The trading volume recorded stands at roughly $538.501 million, while the supply has 113,642,904 ETC coins in play. The total market cap of Ethereum Classic is $699.078 and might hit $700 million if the altcoin manages to recover.

According to the candlestick chart connected to the ETC/USD pair on tradingview [based on data from the Kraken exchange], bears remain in the control of the pace of this virtual currency. The MACD line has stayed beneath the signal line for the past 12 days, albeit the space between the two has shrunk over time.

The final three peaks tied to the Awesome Oscillator bear the brown shade, although the one on 18th was green. This points to selling pressure heavily impacting the asset. However, the Ichimoku Cloud looks green beyond 28th September, which indicates a possible trend change and subsequent revival as a week passes by.

Resistance shall be felt near $7.6, and support lies close to the $5.77 mark.

Some other industry leaders shall be present at the ETC Summit. This event shall be held on the 3rd and 4th of October.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.