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Ethereum Traditional is one of the best performer amongst the highest 50 cryptocurrencies by market cap at the moment.
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ETC is up by greater than 4% at the moment and has added 21% to its worth within the final seven days.
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The broader crypto market is underperforming after a constructive begin to the week.
ETC is outperforming the opposite main cryptocurrencies at the moment
ETC, the native coin of the Ethereum Traditional blockchain, is one of the best performer amongst the highest 50 cryptocurrencies by market cap at the moment. It’s up by greater than 4% within the final 24 hours, and the price of Ethereum Classic now stands at $18.73.
In line with the crypto analytics platform Santiment, Ethereum Traditional is having fun with a fairly good rally of its personal. Not solely is quantity excessive, however ETC can also be being shorted huge time by merchants on exchanges.
This latest cryptocurrency news might be the most important catalyst driving ETC increased. The broader crypto market had a constructive begin to the week however is now retreating. The whole crypto market cap stands at $817 billion, down by lower than 1% within 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 look at
The ETC/USD 4-hour chart is bullish as Ethereum Traditional has been performing properly over the previous couple of days. The technical indicators present that ETC is outperforming the broader crypto market.
The MACD line is deep throughout the constructive territory, indicating that the bulls are answerable for the market. The 14-day relative energy index of 78 exhibits that ETC may enter the overbought area if the rally continues.
With the bulls in cost, ETC may surge previous the primary main resistance degree at $20.12 earlier than the top of the day. Within the occasion of an prolonged rally, ETC may commerce above the $23 psychological degree for the primary time since November 2022.
The place to purchase Ethereum Traditional now
eToro
eToro presents a variety of cryptos, resembling Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and replica or get copied by different customers.
Public
Public is an investing platform that means that you can make investments shares, ETFs, crypto, and different belongings like high quality artwork and collectibles—multi function place.
