EthereumClassic [ETC] struggles to find enough bullish momentum- Decoding 'why'
hash rate peaked after Ethereum’s merge. It has pulled back significantly since then and a look at its current hash rate reveals some interesting observations.ETC had a 126.47 TH/S hash rate at the time of writing, which is a significant drop from its 199 TH/S peak hash rate. It has so far leveled out above 120 TH/S, which indicates that the hash rate is now more stable at the current level.
This is a good sign for the network because its computing power has grown by more than six times its 3-month low. The ETC hash rate network increase is a plus for the network. This is because it underscores higher network efficiency levels, an important characteristic especially as the network grows. The hash rate is not the only thing that has stabilized. ETC’s price action also did the same in the last few days.at the $22 price zone. This outcome confirms that the price found support within the same range. Nonetheless, ETC did not manage to secure enough bullish volume or momentum to bounce from the Fibonacci range.ETC had a $22.41 price tag at press time, after slipping further down toward the 0.236 Fibonacci retracement line.
While a bullish pivot might occur at the current level, it will require a larger sentiment shift and higher buying volumes. Failure to achieve this may lead to lower
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
30 Hilarious Bird Photography Fails That Got Posted On This Facebook Group (New Pics)You know the story: there's always something in the way, they just won't pose right; the camera does something it shouldn't; wrong exposure, fuzzy photos, can't get the bird in the frame, etc, etc.
اقرأ أكثر »
LETTERS — Food follies and grocery stores under scrutiny | SaltWireDysfunctional society So much has been said and written about the rising cost of food lately, with much finger-pointing at grocers, etc. In early October, ...
اقرأ أكثر »
Palaeontologists investigating public reports of fossil findsThe Badlands are a hotbed for fossil discovery and palaeontologists know they can't find all the exposed dinosaur bones because there's just not enough of them to cover the vast area.
اقرأ أكثر »
ApeCoin: Decoding the AIP factor in APE’s growth storyIn a recent tweet, ApeCoin revealed that 36 AIPs were in process in the last week and five new AIP ideas were submitted. This looked quite promising as it added value to the ApeCoin network. To clear the cloud, AIP refers to ApeCoin Improvement Proposals, which are suggestions intended to enhance the network. Here’s AMBCrypto’s […]
اقرأ أكثر »