Ethereum Classic: Heres whats next after ETCs 31% rally - BitcoinEthereumNews.com
Ethereum Classic price action | ที่มา: TradingView – AMBrypto Trading at $36.5 at press time, the altcoin was still almost 72.5% away from its May high of $133. And, it might stay that way since this is the most ETC will be gaining at the moment. The Relative Strength Index, in the overbought zone at the time of writing, never lingers in that area for a long time. The only time it has remained there was when ETC was rallying by 246.56% and 357%. Given that this 31% hike is nowhere close to it, it‘s evident that the RSI will be turning back soon. Now, that doesn’t necessarily indicate a price drop as ETC could just go back to its nature of consolidating instead. However, it could sustain a rise going forward provided there is some support from investors. The same, alas, has been fading away over the last few months. ETC addresses prone to making transactions on the chain currently stand at 29k. Although two peaks were observed in November and January, it wasnt in response to a rise or a fall in price. Ethereum Classic active addresses | ที่มา: Coinmetrics – AMBrypto Furthermore, it‘s not surprising that none of the investors are particularly enthusiastic about