Ethereum Classic (ETC), an Ethereum (ETH) hardfork, touched a critical area and excited the investor base.
The hardfork issue, which has wreaked havoc for a while, came to mind again with the rise of ETC. Bitcoin SV (BSV) and Bitcoin Cash (BCH) have been frequently mentioned with their sharp increases in the past weeks. Nowadays, ETC, the Ethereum hardfork, comes to the fore. ETC, which increased by 20 percent in a short time, continues its positive volume and mobility even though it has experienced sales pressure from an important region.
As long as the upward movement in ETC continues, will there be activity in other hardforks? Which levels are important to monitor for ETC?
If he overcomes the next obstacle, he can start a new fuya!
The $22.23 and $22.73 range, which served as an important selling area in the past, caused ETC difficulties again. ETC, which managed to increase in this area in a short time, relaxed to $ 21.07 when faced with a sales wave. ETC, which is currently trading just below the minor resistance, can capture incredible volume when it breaks through the red area. In such a scenario, an attack may first occur to $23.86 and then to $24.97 and $26.78, respectively. However, a new era may begin in hardforks.
Factors such as the continuation of the increase in BTC dominance, the downward movement of the BTC price or the failure of hardforks to develop will increase the selling intensity in the parity. In such a scenario, a drop to $20.13 can be expected first. If the buyers at this level are not sufficient, declines may be recorded to 19,031 – 17.88 and 17.01 dollars, respectively.
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