Why Ethereum Classic could be setting up for a 20% price jump

Quick Summary:

Ethereum Classic (ETC) could soar by 20% to reach the $34.25 level if it closes a daily candle above the $28.50 level.

According to Coinglass’s ETC spot inflow/outflow metrics, exchanges across the cryptocurrency landscape have experienced a substantial $22.85 million worth of ETC outflow.

According to expert technical analysis, ETC has formed a bullish hammer candlestick at the crucial support level of $26.70 and has also found support at the 200 EMA.

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Article Details

Author / Journalist: Chanakya

Category: Crypto

Markets: United States

Topics: Trading View Ambcrypto Altcoin News Social News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 09:30:42 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24580803

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 15 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #103

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