Ethereum classic (ETC) in anticipation of the expected listing on Coinbase for the last day increased by 18%.
At the time of article publication, ETC traded on the stock exchange at an average price of 14.24 USD. The increase was 18,25% and this is the best indicator among the top 15 cryptocurrencies in the last 24 hours.
This is not the first case when the price increases ETC for the news associated with Coinbase. Earlier this month, she also grew and at its peak reached 21.25 USD.
See also – the Rise Ethereum Classic. ETC ahead of Tron [TRX] and Monero [XMR]
But in the following days the situation has worsened because of the General market situation and ETC fell to 10.25 dollar on August 14. This decline was almost 50 percent of maximum 7 Aug.
Despite the fact that at the moment the situation in the markets is restored, dynamics ETC seriously outperforming the vast majority of cryptocurrencies.
RSI and stochastic are in the overbought zone, therefore, before any further growth is likely to be a slight rollback.
Hourly chart prices ETC
If the price manages to overcome key resistance in the region of 16.5 US dollars – it will strengthen the bullish trend. However, if the price falls below $ 12, then it will greatly reduce the chances of the bullish scenario.
The daily chart of prices ETC