Ethereum Classic (ETC) has recently shown signs of strength after an unprecedented shift in market sentiment and acceptance towards the coin. The cryptocurrency which was previously considered a dead coin or a scam is now being seen as a game changer. If it were not for these developments, Ethereum Classic (ETC) would most likely have broken market structure and would be lagging behind in the altcoin run this year, same as it did last year. However, the listing on Coinbase, success of ETC Summit and exciting upcoming events has convinced investors of its future potential. On the technical front, Ethereum Classic (ETC) is poised for an explosive breakout. The above chart for ETC/USD shows that the 10 Week EMA has now come very close to the 21 Week EMA. One strong move up might shift the sentiment in favor of the bulls for a very long time.
Previously when Litecoin (LTC) and Bitcoin Cash (BCH) were added to Coinbase, mainstream investors did not know about it before the day of listing. However, in case of Ethereum Classic (ETC), Coinbase made the announcements in advance. Therefore, it did not result in the same sort of FOMO buying that we witnessed in the case of Litecoin (LTC) or Bitcoin Cash (BCH).
However, the effect is yet to factor in and as the market recovers, we will see a strong buying interest in Ethereum Classic (ETC). Even before the Coinbase announcement, most analysts put out a price target of…
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