olympiaupgrade

Are you ready for the upcoming $ETC coin revolution?! 🚀🔥 Liquidity is starting to heat up!
Traders, while everyone chases temporary speculation, on-chain indicators have spotted quiet, aggressive institutional accumulation of $ETC (Ethereum Classic) by whales, who are taking advantage of major developments unfolding behind the scenes.
📌 Why is everyone rushing to trade ETC$ now?
The Fifthening and Olympia upgrade: The fifth 20% reduction in mining rewards has been successfully activated, bringing them down to 1.6384 ETC ]! This comes as traders anticipate the launch of the “Olympia” upgrade, which will introduce a revolutionary mechanism for burning transaction fees and reducing the market supply.
Technically speaking, on the chart: The price is trading steadily above very strong support levels between $8.65 and $8.85.
A breakout above the stubborn resistance wall at $9.20, followed by a daily candle close above it, could trigger a vertical rally toward new highs.
💡 Quick tip: Price action is accelerating and volatility is high near the highs. Trade with extreme caution, and don’t enter any position without setting a Stop Loss to protect your portfolio! 🛑🛡️
Tell us in the comments: Have you started accumulating Etc$, or are you waiting for the takeoff point? 👇🤔
Follow the live chart action and seize your trades directly using the tool below the post 👇📉
$ETH
#binanacesquare #topgainer #OlympiaUpgrade #EthereumClassic #ETC

Ethereum Classic: alive, but in intensive care

Ethereum Classic is balancing on the edge of a knife. After the aftermath of the attacks in 2020 and delisting on Coinbase, the price dropped to $8.31, though it later bounced back to $8.60. The network itself denies everything, but there is still a lingering feeling.

The Olympia Upgrade is the only light at the end of the tunnel. The client implementation of the three ECIPs is already ready, and the Mordor testnet has been launched. But does the code work when the hash rate is falling?

On the weekly chart $ETC is below all key EMAs. The MA-50 is far at $15.27. Sellers are controlling the trend, and the RSI is nearly oversold. Without a breakout at $8.65, the next stop is $8.35.

The only silver lining: ETC is holding up better than the market in the storm. A new listing on moomoo added liquidity. But when the largest exchange in the USA kicks you out for double spending, it hurts trust.

Those entering ETC now are buying the PoW legend and hope for a DAO by the end of the year. Others are watching and waiting for the hash rate to crash completely.

Buy or sell? ETC is not dead, but lying in intensive care. Risks outweigh returns unless you are a masochist for PoW.

p.s the first paragraph has been edited.
#ETC #51Attack #OlympiaUpgrade #PoWLegacy