Ethereum Classic Is Ready for a Rebound
Ethereum Classic (ETC) is adding 0.35% to $21.07 on Monday, slightly underperforming Bitcoin (BTC), which rose 0.55% to $109,514. Crypto assets have been under pressure since Friday, after the U.S. Court of Appeals ruled Donald Trump’s tariffs unlawful. A potential reversal of tariff policy would hit U.S. incomes, forcing the government to borrow more and driving borrowing costs higher—an outcome that could weigh heavily on crypto markets.
However, investors do not expect the worst-case scenario, as the White House plans to appeal the ruling to the Supreme Court. In the meantime, all tariffs remain in place. ETC slipped to support at $20.00 following the news, a level further reinforced by uptrend support. This should allow the altcoin to stabilise and potentially recover towards $25.00 once market conditions turn more favourable.
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