Tag Archives: Ethereum Classic

Cryptocurrency Loans Company Genesis Processes $550 Million in First Six Months

Institutional cryptocurrency over-the-counter (OTC) broker Genesis Global Trading revealed its loans spin-off processed over half a billion dollars in its first six months in a new report Thursday, Oct. 18. Genesis, which began its digital asset lending activities in March, revealed its current order book consists of $130 million in outstanding loans, a figure which has “steadily grown”… Read More »

Ethereum Classic Price Analysis: ETC/USD Rising Steadily Towards $10.80

Key Highlights Ethereum classic price is slowly recovering from the $8.90 swing low against the US dollar. This week’s followed important ascending channel formed is active with support at $9.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may continue to rise towards the $10.20 and $10.80 resistance levels. Ethereum classic price… Read More »

Ethereum Classic Price Analysis: ETC/USD Eyeing Upside Break Above $10

Key Highlights Ethereum classic price is forming a decent support base near the $9.20 level against the US dollar. There is an ascending channel formed with support at $9.35 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to move higher and it could even break the $10.00 resistance in the… Read More »

Markets See Piecemeal Price Action, Some Stability After Yesterday’s Plummet

Friday, Oct. 12: after yesterday’s carnage, crypto markets are seeing some relative price stability. The top cryptocurrencies by market cap are seeing mild movement, both red and green. Market visualization by Coin360 Bitcoin (BTC) has has seen little price action on the day, and is up 0.5 percent to trade at $6,318 as of press time. Ater a… Read More »

Ethereum Classic Price Analysis: ETC/USD Accelerating Losses Below $10

Key Highlights Ethereum classic price extended losses and traded below the $10.00 support against the US dollar. There was a break below a declining channel with support at $10.54 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently under a lot of pressure below the $10.50 and $10.00 support levels. Ethereum… Read More »

Ethereum Classic Price Analysis: ETC/USD’s Upsides Capped Near $11

Key Highlights Ethereum classic price is facing a major resistance near $11.00 against the US dollar. There is a crucial bearish trend line formed with resistance at $10.95 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair must break the $11.00 resistance level to trade higher towards the $11.40 level. Ethereum classic price… Read More »

Bitcoin Hovers Near 6,600, While Most Top Coins See Little Price Volatility

Friday, Oct. 5: cryptocurrencies are seeing little volatility over the past 24 hours to press time, with the majority of losses and gains of top coins capped within a 1 percent range on the day, as data from Coin360 shows. Market visualization by Coin360 Ripple (XRP) is the only outlier in the top ten coins, down a little… Read More »

Ethereum Classic Price Analysis: ETC/USD Facing Significant Hurdle

Key Highlights Ethereum classic price is struggling to break the $11.15-20 resistance area against the US dollar. There is a major bearish trend line in place with resistance at $11.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair needs to clear the trend line and $11.25 pivot level to gain upside momentum.… Read More »

Ethereum Classic Price Analysis: ETC/USD Could Revisit $12

Key Highlights Ethereum classic price is consolidating above the $10.80 support level against the US dollar. There is a key bearish trend line formed with resistance at $11.35 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to break the trend line to test the $11.80 and $12.00 resistances in the… Read More »