Ethereum Classic: Long-term investors can uncover opportunities at this level

Ethereum Classic ETC attempted a rally but faced massive opposition from the bears. After flipping the critical support around the $18 mark into resistance, ETC broke additional supports as bears took control of the market.

Timeline of Ethereum-classic

Ethereum Classic sees sharp drop in market cap suggesting an increase in sell pressure ETC investor sentiment saw a change and favored the coin at the time of writing Ethereum Classic [ETC] retested its short-term descending resistance line last week. The price delivered a sideways performance rather than a bearish retracement or a bullish breakout.

Ethereum Classic whales are back, but momentum is off to a slow start Ethereum Classic [ETC] briefly joined the list of the market's top gainers in the last 24 hours. Many altcoins have found favor with the bulls this week, with quite a few enjoying a bit of an upside too.

Ethereum Classic (CRYPTO: ETC) was sliding about 3% lower during Wednesday's 24-hour trading session amid cascading fears stemming from the FTX fallout. The lending division of crypto investment bank Genesis Global Trading temporarily halted redemptions and the initiation of new loans Wednesday due to “extreme market dislocation and loss of industry confidence caused by the FTX implosion," DCG vice president Amanda Cowie said.

Antpool converted $5 million worth of USDT to ETC  Metrics gave hopes to investors, but the market indicators suggested otherwise Ethereum Classic [ETC], which came into the spotlight a few months ago thanks to the Ethereum Merge, made headlines once again because of several developments in its ecosystem.

Similarly to Bitcoin and other altcoins, ETC (Ethereum Classic) has been severely impacted by the FTX liquidity crisis. CoinGecko data show that the historical performance of the coin on the daily, weekly, biweekly, and monthly time frames is not promising for the ETH fork.

Ethereum Classic (CRYPTO: ETC) is trading sharply lower by 14.03% to $21.49 Tuesday afternoon amid concerns over the financial condition of cryptocurrency exchange FTX. What Happened?

Ethereum Classic [ETC] witnessed a death cross on its EMAs, can the buyers stop the bleeding? The altcoin saw an uptrend in its social volumes while the long/short ratio affirmed a bearish edge.

ETC's price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $30. ETC faces a major test to trend higher above $30 after the price broke out of its descending triangle price movement.

Ethereum Classic (CRYPTO: ETC) is trading higher by some 12.29% to $29.47 during Tuesday afternoon. Shares of several altcoins are trading higher in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH) and U.S. equities.

The price of Ethereum Classic [ETC] increased by 6.71% despite Charles Hoskinson throwing tantrums over the coin's Twitter account suspension. The controversial Cardano [ADA] founder tweeted his observation of the suspension.