ETC is Struggling to Reverse to the Upside
Ethereum Classic (ETC) is experiencing a rise of 2.4% this week, reaching $23.40. This increase comes after a dip of 6.0% to $21.49 on Monday. Currently, ETC is attempting to surpass the $25.00 support level. If a breakthrough above this level is successful, the token could resume its upward trend, targeting the $30.00 resistance.
A significant potential catalyst for ETC prices is the anticipated approval of a spot Ethereum-ETF by the U.S. Securities and Exchange Commission (SEC). Such approval could have a positive impact on ETC prices, contributing to a bullish momentum.
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