$ETC When Bitcoin was dragged down, ETC held firm at the 7.39 support level without breaking. The bulls kept hammering away at the 7.67 resistance, showing no sign of backing down.
The data makes it clear why the market is so resilient. ETC mining returns have recently shrunk by nearly 20%, yet the network’s total hashrate has surged instead of falling, climbing straight to 187 TH/s.
It’s all thanks to veteran miners stubbornly keeping their machines running and paying the electricity bills. They’d rather keep covering the costs out of pocket day after day than hand over their coins at these low prices.
Miners have effectively locked down the selling pressure at the bottom. Bears trying to push the price down here are just kicking a brick wall.
#股票财报季 #ETC $ETC #IDOL $IDOL 👇
The data makes it clear why the market is so resilient. ETC mining returns have recently shrunk by nearly 20%, yet the network’s total hashrate has surged instead of falling, climbing straight to 187 TH/s.
It’s all thanks to veteran miners stubbornly keeping their machines running and paying the electricity bills. They’d rather keep covering the costs out of pocket day after day than hand over their coins at these low prices.
Miners have effectively locked down the selling pressure at the bottom. Bears trying to push the price down here are just kicking a brick wall.
#股票财报季 #ETC $ETC #IDOL $IDOL 👇