With the approval of the US Bitcoin ETF, altcoins have registered a strong rally while Bitcoin rests. Though the Ethereum price surged 10%, its off-shoot Ethereum Classic (ETC) has registered even greater gains. The ETC price is up by a staggering 32% trading at $27.74 with a market cap of $4.05 billion.
The Ethereum Classic Trading Volumes
In the wake of the Bitcoin ETF announcement, Ethereum Classic (ETC) has experienced a significant surge, surpassing the $26 mark for the first time since October 2022. The surge in trading volume suggests substantial interest from major traders.
Despite the notable price movement, the sentiment surrounding Ethereum Classic remains neutral at present, as indicated by on-chain data provided by Santiment. Investors are closely monitoring the developments in the Ethereum Classic market following the recent Bitcoin-related news.
Courtesy: Santiment
The ETC Price Bullish Breakout
In the weekly chart analysis, Ethereum Classic (ETC) has shown a
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