#ProjectCrypto
Why is the price of $ETC rising?
The 3.56% increase in the price of Ethereum Classic (ETC) in 24 hours reflects solid technical support and positive momentum in altcoins, despite mixed signals in the market.
1. Technical bounce from the key support of $19.43.
2. 127% increase in trading volume, indicating renewed interest.
3. Altcoin season index rises by 67% monthly, driving risk flows.
#MarketPullback The bounce of ETC combines the validation of technical supports with opportunistic flows towards altcoins, although the resistance near $20.35 could test the sustainability of the movement. Will the narrative of Ethereum Classic based on Proof-of-Work gain strength while the tenth anniversary of ETH renews the debate on the immutability of the blockchain?