Overview

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In just a matter of six hours, this Ethereum forked crypto asset rallied from $17.96 to $20.04 today. The same translated to an approximate 12% appreciation. From the However, with both social dominance and whale activity flashing bullish signals, ETC could be building momentum for an upside reversal. If the support holds, ETC Over the last couple of days, the crypto market derailed from its recovery track. With Bitcoin stagnated around $30k, most other cryptos were also seen Ethereum Classic (ETC) is showing promising signs of bullish strength following a strong rejection from the $17 demand zone. The altcoin’s 8% surge, along with a Hace 14 horas Ethereum is forming bullish cup-and-handle and bull flag patterns against Bitcoin, signaling a potential 30–55% upside. Analysts say an ETH/BTC breakout could trigger a major Ethereum Classic price retests the support area between $20.89 and $21.63, with an impending rally eyed. On-chain data shows ETC's increasing account growth

Ethereum Classic Rallies 12% in 6 Hours: Will July Be Bullish for ETC?

Ethereum Classic (ETC) is capturing investor attention after a significant price surge. In just a matter of six hours, this Ethereum forked crypto asset rallied from $17.96 to $20.04 today. The same translated to an approximate 12% appreciation. This sudden uptick has sparked speculation about whether July will be a bullish month for ETC.

Ethereum Classic Shows Bullish Strength

Ethereum Classic (ETC) is showing promising signs of bullish strength following a strong rejection from the $17 demand zone. The altcoin’s 8% surge... points to a potential upward trend. This resilience is particularly noteworthy considering the recent market volatility.

Factors Fueling the ETC Rally

Several factors could be contributing to the recent Ethereum Classic rally. Over the last couple of days, the crypto market derailed from its recovery track. With Bitcoin stagnated around $30k, most other cryptos were also seen... struggling. However, ETC appears to be bucking this trend.

However, with both social dominance and whale activity flashing bullish signals, ETC could be building momentum for an upside reversal. Increased social media buzz and large investors accumulating ETC suggest growing confidence in the cryptocurrency. If the support holds, ETC... could see further gains.

Ethereum's Influence on Ethereum Classic

The performance of Ethereum (ETH) also plays a crucial role in ETC's trajectory. Hace 14 horas Ethereum is forming bullish cup-and-handle and bull flag patterns against Bitcoin, signaling a potential 30–55% upside. Analysts say an ETH/BTC breakout could trigger a major... shift in the market. A strong ETH performance often positively influences other altcoins, including Ethereum Classic.

Key Price Levels to Watch

Ethereum Classic price retests the support area between $20.89 and $21.63, with an impending rally eyed. Monitoring these levels will be crucial for understanding ETC's short-term price action. On-chain data shows ETC's increasing account growth, indicating broader adoption and potential for sustained growth.

Is a Bullish July in Store for Ethereum Classic?

While the recent rally is encouraging, it's important to approach the market with caution. Continued positive sentiment, strong support levels, and favorable conditions for Ethereum could pave the way for a bullish July for Ethereum Classic. However, market volatility and unexpected events could still impact ETC's price. Investors should conduct thorough research and exercise due diligence before making any investment decisions.

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