Over the past few weeks, ETC price has seen quite a few ups and downs. From the low of $6.4 ETC has made a high of 9.47$. It is currently trading at $7.189 (at the time of writing), with an intraday loss of 4.23%. It is currently ranking at 43 with the market capitalization of $831,220,461.The current volume of ETC is around $1,502,978,518 with a loss of 44.95%.

Ethereum Classic was hanging in a sideways channel until it reached diagonal support, which helped the coin give a breakout. However, the coin is still facing resistance from the $7.869(resistance of channel). The market cap and 24-hour volume of the coin are $910,307,271 and $507,077,175 respectively.

Both technical indicators and the wave count support the possibility of a breakout, which would take ETC to at least $9.30.

The weekly performance chart of Ethereum Classic highlights the strong consolidation faced by the price levels within the range of $5.50 to $6.00 from the past week. However, an exceptional concentration of the bulls from the past couple of trading sessions has helped several altcoins to have a positive breakout from their consolidation phase including ETC. The price levels provided a sustainable positive breakout above $6.00 and even broken above the major resistance mark of $7.00. But the sustainability above the resistance mark was not maintained by the price levels resulting in minor corrections during the current market session.

Ethereum Classic(ETC) gave a breakout from the symmetrical pattern. However, it retested the previous resistance, which acts as a new support line. ETC tested the first resistance of $9.62. The other major resistance level can be expected at $10.60, after which ETC price would soar to $11.98 in upcoming trading sessions. Support on lower levels is placed at $6.80 and $4.85.

While fiat currencies are losing their sheen in the recessionary phase of world economies, cryptocurrencies gain momentum. The onset of cryptocurrencies marked a revolutionary era in the world of finance. The versatile range of cryptocurrencies offered a plethora of advantages to investors. The renowned cryptocurrencies like Bitcoin, Ethereum, Stellar had their own benefit bandwagon to promote.

Ethereum Classic / Dollar (ETCUSD) gave a breakout on January 3,2020. ETCUSD was trading around $5 on new year’s eve and reached to the LTP of $7.090 within 5 days.

Ethereum Classic (ETC) miners now have the option of configuring their rigs to also mine Zilliqa (ZIL). The new feature was launched yesterday, June 17th, after a period of Beta testing where miners gave their feedback and improvement proposals to the team at Ezil.me.