Spiky Price Bounce for Ethereum Classic: Highlight of the Weekend
Ethereum Classic price surprised the very calm Sunday with a 15% gain in a day. Can the older branch of Ethereum blockchain keep this rhythm.
Ethereum Classic on 9th Place – Market Cap Return
ETC price is on an ascending momentum as it moved upwards from the range bound which is going on for almost a week now. After dropping to the lows of $9.88 – the pair ETC/USD found waiting bulls that seized the moment of the dip and hoisted the price upwards up to today’s – $14.18.
Its trading volume has risen up to over $300 million in the last 24-hours with a market cap of $1.3 billion. As time of the press Bithumb is the leading exchange platform with $49.40 percent of ETCs being paired with a currency [in this case KRW].
Ethereum classic price with this recovery rally broke above the monthly long declining patter which is present since late September. Today at the level of $10.98 a ‘game changing’ moment emerged.
Any moment from now the price could pull-back until support is found to hold it for stabilization. Put your ‘bet’ according to any next movement from this moment as the $15.00 mark will be very difficult even to get close to it.