⚡️ $ETC ready to break out or is it a bull trap?
Miners are in the game, deflation is tightening the screws, and the chart is showing classic accumulation.
While the whole market watches the main narratives, ETC is quietly building an interesting setup for traders 🧠.
📊 What’s happening with the fundamentals?
August “Fifthening”: The 20% reduction in miner rewards has already lowered coin issuance. The supply compression effect is starting to show up on the chart.
Olympia update: Ahead of the implementation of an EIP-1559-like mechanism with fee burning. A deflationary model for a PoW network is a strong long-term bullish driver.
📈 Technical analysis and market logic
After the impulse that strengthened the structure, price moved into a healthy correction and is now trading around $8.60 – $9.20.
Key resistance: $9.20 (supply zone). A breakout and consolidation above it on volume will pave the way to local highs.
Support level / Liquidity: $7.09. As long as we hold this area, the bullish scenario remains the priority.
ETC is showing resilience. Compressed issuance + technical accumulation right under key resistance is an excellent recipe for an impulsive breakout.
Go to ETC trading 👇
#EthereumClassic #ETC #cryptotrading
Miners are in the game, deflation is tightening the screws, and the chart is showing classic accumulation.
While the whole market watches the main narratives, ETC is quietly building an interesting setup for traders 🧠.
📊 What’s happening with the fundamentals?
August “Fifthening”: The 20% reduction in miner rewards has already lowered coin issuance. The supply compression effect is starting to show up on the chart.
Olympia update: Ahead of the implementation of an EIP-1559-like mechanism with fee burning. A deflationary model for a PoW network is a strong long-term bullish driver.
📈 Technical analysis and market logic
After the impulse that strengthened the structure, price moved into a healthy correction and is now trading around $8.60 – $9.20.
Key resistance: $9.20 (supply zone). A breakout and consolidation above it on volume will pave the way to local highs.
Support level / Liquidity: $7.09. As long as we hold this area, the bullish scenario remains the priority.
ETC is showing resilience. Compressed issuance + technical accumulation right under key resistance is an excellent recipe for an impulsive breakout.
Go to ETC trading 👇
#EthereumClassic #ETC #cryptotrading