The price of ETC soars beyond $20 due to ETF news! Next $30 Goal?
With a bullish turnaround now complete and a Launchpad ready to extend the rise, Ethereum Classic has a good chance of finishing 2023 bullish. Additionally, a price spike in the upcoming months is hinted at by the ETC price projection.
With an intraday rise of 1.98%, the ETC price is currently trading at $21.09, hinting at a breakthrough rally that is about to pick up steam. The rally theory is reinforced by the 42% increase over the previous three weeks, which indicates strong underlying demand.
Will $30 Be the Price of ETC?
The general state of the market is strengthening, and cryptocurrencies are poised to continue their upward trend. Additionally, the Blackrock Ethereum ETF will play a pivotal role in pushing the price of ETC higher and satiating investor appetite. If the breakout surge breaks over $25, there is a chance it will reach the $30 level.
Interestingly, there are short-term resistance levels around 23 dollars, 25 dollars, and the amount of $27
On the other hand, Ethereum Classic may drop below $17 if it manages to crawl back under $20.
