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Ethereum Classic {ETC} price analysis for the day; BloqCloud to unleash Infrastructure Services for EthereumStack

Bitcoin

Ethereum Classic is ranked at #21 below Cosmos on coinmarketcap. The trading volume recorded stands at roughly $429.582 million, while the supply has 114,224,789 ETC coins in play as of this very moment. The total market cap of Ethereum Classic is $541.655 million. ETC received a boost amounting to 0.07% in the course of the past 24-hours which, in turn, brought the price all the way up to $4.74 where it presently rests.

According to the candlestick chart connected to the ETC/USD pair on tradingview [based on data obtained from the Kraken Exchange], buyers are trying hard to overcome the resistance offered by sellers in the market. For the past 8 days, the peaks tied to the Awesome Oscillator have consistently adorned the green shade, pointing towards the dawn of bullish momentum in the near future.

On 11th August, the space between the MACD line noted a slight decline. Since then, the MACD line has been steadily rising over the signal line. Support can be found adjacent to the 4.508 mark. Let’s hope the bulls can keep up the current pace, which may soon bring $ETC beyond $4.76 by next week.

A collaboration involving Ethereum and Ethereum Classic communities as well as interoperability has increased in recent times. In contrast to this, those who invest in BSV, BCH, or BTC tend to hate the other forks linked to Bitcoin Core i.e. every loyalist will claim the project they support is the better option, and the others are shitcoins.

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.