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Ethereum Classic $ETC Forecast: Sunday Edition: Coinbase Launch Imminent

August 05 2018 16:51 UTC

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This edition features popular Ethereum Classic $ETC technical analyses from Crypto Globalist, NewsBTC and Cryptovest. Or jump right to today’s Ethereum Classic $ETC Forecast.

Crypto Globalist Analysis

View: bullish

bullish

Nick Mwenda of Crypto Globalist discerns "A few days ago, we said that shorting Ethereum Classic would be a huge risk, due to a possible Coinbase driven reversal, and it has come to pass. Yesterday Coinbase made the announcement, and as expected, there was a huge pump in the price of Ethereum Classic (ETC)"

NewsBTC Analysis

View: bullish

bullish

Martin Young of NewsBTC asserts "Ethereum Classic is expected to climb higher when trading opens on Coinbase next week"

Cryptovest Analysis

View: bullish

bullish

Ollie Leech of Cryptovest surmises "Yesterday, transactions on the Ethereum Classic network began increasing dramatically as rumours start to circulate that the listing date could be fast approaching [and] the bulls are running/ buying pressure is increasing"

Ethereum Classic $ETC Forecast

on Sunday August 05 2018 16:51 UTC

bullishbullishbullish

The crypto pundits say: “bullish/bullish/bullish/”.

Bitcoin $BTC is tracking sideways overnight up 0.4% in price to $7,054.17 on a 24 hour volume of $3,731,156,278. Against this backdrop $ETC is up 3.02% in 24 hours to $16.69 at press time. All three experts point to the pending Coinbase listing as an underlying cause of the the increase, with more to come possibly on Tuesday August 07 2018 when $ETC goes live on Coinbase.

Of note is that our third expert, Ollie Leech of Cryptovest, called this action two days ago.


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author holds $ETC and other cryptocurrencies at the time of writing.

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