ETC Has Solid Chances to Rise Above $20.00
Ethereum Classic (ETC) is up by 2.05% this week, reaching $19.15, closely tracking Bitcoin's (BTC) 1.8% gain to $60,444. As ETC approaches strong resistance at $20.00, it appears to be making its second attempt to break this threshold, with the first effort recorded on August 9. This time, the push upward seems more robust and less hesitant. However, the upside effort is currently constrained by the average of the descending channel.
A successful breakthrough at this level could be promising, potentially driving ETC prices to $25.00 per altcoin. The recent Spiral upgrade, aimed at enhancing Ethereum Classic's integration with the Ethereum Virtual Machine within the Ethereum Network, adds to the altcoin's positive outlook. With the ongoing recovery in the crypto market, Ethereum Classic has strong potential to rally further.
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