Market watch: Ethereum classic
ETC mostly follows ETH lately but a higher percentage moves up and down swinging along the price of Ethereum. With the Merger is around the corner and most Ethereum miners will be moving too ETC as the mining process remains the same. Etc will be going go nuts. Vitalik said if people want to mine a coin similar to ETH, They buy ETC for proof of work consensus.
ETC has been falling since after reaching an all-time high price of $179 in May 2021, with the rest of the market as Btc takes the lead Since later that month, it has been trading inside a descending wedge, which is considered a bullish reversal pattern. Therefore, an eventual breakout from the wedge would be expected.
Looking at the 4hrs chart ETC is about too take ride too $42 as market has start recovering from the massive sell off over the pass few days