Consolidation is accumulation; ETC waits for a breakthrough. The next wave of the market may be ignited by 'Miner Faith'!
Market Status: Accumulating in the Cracks
Recently, ETC has been bouncing back and forth in the $30-$35 range, with intense long-short battles. From a technical perspective, the 4-hour chart has tested the $30 support multiple times without breaking, indicating a clear 'Miner Support' (ETC, as an established POW coin, has a miner holding cost of about $28). However, there is strong pressure at $35 above, and a lack of momentum for a breakthrough, resembling 'an experienced driver pressing the gas and brake'; the market is waiting for a signal.
Key Variables: Two Storylines Determine Life and Death
Ethereum 2.0 Aftershocks: If ETH encounters more bugs in future upgrades (e.g., a repeat of the fork controversy post-2023 merger), ETC, as the 'Original Chain Heritage', may be hyped and attract short-term funds.
Institution Actions: Recent slight increase in Grayscale ETC trust holdings. If large institutions like BlackRock include it in their 'Altcoin Rebound List', the price may quickly surge to $50.
Retail Strategy: Waiting for Value Range
Short-term: Accumulate near $30 in batches, stop-loss below $28; reduce positions above $35, and if it breaks $38, look for $45.
Long-term: If it retraces to $25-$28 (Miner Cost Zone), dollar-cost average with closed eyes and wait for the 'Miner Support + Technical Nostalgia' dual buffs to kick in.
Risk Warning: Be cautious of public chains like SOL and ADA competing for traffic. If the ETC ecosystem lacks new narratives, it may become an 'Antique Coin'.
In June, the staking details for the Ethereum ETF will be announced. If policies allow 'Staking Derivatives', ETC, as the last card for POW, might become a new favorite for capital risk aversion! Pay attention to the movements of on-chain whales; a market shift is imminent!$ETH #策略
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