$ETC rally is far from over as the token returns to a fundamental resistance level which, if broken, might send the asset to the moon
hashrate, investors see it becoming more actively developed in the future, which may lead to an increase in the network's revenue.If the market sees a successful breakout in the upcoming days, ETC will start"looking" for the next resistance level, which is purely psychological and located at around $30. During Ethereum Classic's most recent attempt to break above $30, bears pushed the asset down and caused a plunge to $13, which is the lowest point for ETC since March 2021.
3 Reasons Not to Give Up on Ethereum Recovery Despite Plunge Below $1,500: Crypto Market Review, July 26 The next major resistance on the chart is a 50-week moving average, which ETC successfully crossed only once in the last 20-week period. As of now, investors in the token should watch the 200-day EMA level closely as it will determine the movement for Ether Classic for the next few days or even weeks.
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