As the Ethereum Classic community celebrates its first anniversary since the unfortunate 51% attack, there is a feeling around the market that the 250% spike since Dec. 23 is just the beginning for the “Original Ethereum”.

Digital Currency Group (DCG) CEO Barry Silbert, who's also known as one of the biggest cheerleaders of Ethereum Classic (ETC), has a major cause for celebration. The contentious Ethereum fork that was created as a result of the infamous DAO hack rocketed to 10th place on CoinMarketCap after its price surged by more than 33 percent.

Leading cryptocurrency exchange Binance has added futures contracts trading for Ethereum Classic (ETC). The industry-wide gains this week make determining the announcement’s impact on ETC prices all but impossible.

Ethereum Classic’s network update Agharta has been scheduled to take place on 12 January and it has been receiving support from various exchanges, clients, mining pools, etc. Binance announced its support for Agharta on 10 January 2020.

Ethereum Classic is struggling today as the price falls 5.69%. The price failed to reach the 200 daily EMA and found resistance at 5.14. Now the price is firmly below the 5.00 psychological level.

Ethereum Classic, now the 18th largest digital asset with the current market value of $881 million, reached the top at $8.17 during early Asian hours and retreate...

ETC/USD encountered resistance at the $5.20 line and the upper curve of the 20-day Bollinger Band and has fallen to $5.06, but it is still trending in an upwards channel formation. The Moving Average Convergence/Divergence indicates decreasing bullish momentum, while the Elliott Oscillator has had seven straight green sessions. The Relative Strength Index has bounced off the edge of the overbought zone and has dropped to 62.50, which shows that the bears have stepped in to correct a potentially overpriced market.