Ethereum Classic Rests Before The Next Big Move: Here's What To Watch This Weekend

Ethereum Classic (CRYPTO: ETC) was trading flat on Friday after a bullish day during Thursday's 24-hour trading session caused the crypto to soar up 8.32%. The crypto has settled into two visible patterns on the daily chart, with the short-term pattern being an inside bar formation and a cup-and-handle possibly forming as the longer-term pattern.

Timeline of Ethereum-classic

Ethereum classic was trading close to its highest point since April, as the token rose by nearly 10% on Friday. Despite crypto markets being mostly in the red in today's session, a handful of tokens managed to climb higher.

EthereumPoW on Friday responded to an earlier open letter by the ETC Cooperative. EthereumPow says the community, crypto exchanges, miners, and mining machine manufacturers are against the Ethereum Classic (ETC) and favor Ethereum fork.

Ethereum Classic (CRYPTO: ETC) rallied to an intra-day high of $42.29 on Thursday, liquidating $9 million worth of short positions.  What Happened: ETC surged 10% over 24 hours, reclaiming a one-month high, according to data from Benzinga Pro.

Over the last month, Ethereum Classic [ETC] witnessed no bounds to its growth that extended from the $13-mark. This buying comeback positioned the altcoin near the upper band of the Bollinger Bands (BB) and reaffirmed the one-sided buying edge.

Be[In]Crypto takes a look at the five cryptocurrencies that decreased the most last week, more specifically, from July 29 to Aug 5. The post Ethereum Classic (ETC) Retraces After Sharp Increase: Biggest Weekly Losers appeared first on BeInCrypto.

Ethereum Classic (CRYPTO: ETC) has rallied 140% over the last month, but Messari analyst Tom Dunleavy isn't convinced about its long-term value as an investment. What Happened: “ETC price rose quickly, but looking at fundamental metrics, nothing has changed about this chain,” said Dunleavy in an analyst note earlier this week.

On Monday (August 1), Ethererum ($ETH), the second-most valuable cryptoasset by market cap, is trading around $1,675, after an excellent performance in July (despite the fact that we are still in a bear market). According to data by TradingView, on crypto exchange Coinbase, the $ETH price went from $1091.56 to $1687.

Ethereum Classic is up over 150% in July as ETH 2.0 nears and a merge is slowly becoming reality. After Ethereum (ETH) developers revealed the date for The Merge, interest in Ethereum Classic rose.

Ethereum Classic's (ETC) value increased by over 150% in July, making it one of the top performing digital assets of the month. The post Ethereum Classic up over 150% in July as ETH 2.0 draws closer appeared first on CryptoSlate.

Ethereum blockchain's potential transition from proof-of-work to proof-of-stake (Merge) has triggered a buying hysteria around the hype. Well, not just for ETH, but also for related cryptos such as Ethereum Classic.