⚡️Ethereum Classic Gains 60% in One Week, Here is Why The Merge Could Push its Price Higher
▫️Vitalik B. says #ETH to be 55% complete post-merge
▫️The #Merge is expected to reduce #ETH’s energy usage by almost 100%, contribute to making #ETH a deflationary asset, and provide stakers with rewards for securing the network
▫️#ETH Devs announced that the #Merge will tentatively take place during the week of Sept 19
▫️Once the network #ETH #PoW will stop, the network #ETC could witness a mass migration of #ETH miners (estimate about 120,000 ETH miners).
▫️$ETC has breached the 50-EMA, indicating a major revival of bullish momentum, and the 20-EMA just reached top of the daily candle
▫️$ETC has recovered until +122% from its bottom price on June 18, and generated +74% gains since my buy entry at $16.
▫️Trade #ETCUSD
🔹Buy Entry: $16-26
🔹TP1: $33
🔹TP2: $52
🔹TP3: $66 up to $100
⛔️ S/L: Under $14
▫️Vitalik B. says #ETH to be 55% complete post-merge
▫️The #Merge is expected to reduce #ETH’s energy usage by almost 100%, contribute to making #ETH a deflationary asset, and provide stakers with rewards for securing the network
▫️#ETH Devs announced that the #Merge will tentatively take place during the week of Sept 19
▫️Once the network #ETH #PoW will stop, the network #ETC could witness a mass migration of #ETH miners (estimate about 120,000 ETH miners).
▫️$ETC has breached the 50-EMA, indicating a major revival of bullish momentum, and the 20-EMA just reached top of the daily candle
▫️$ETC has recovered until +122% from its bottom price on June 18, and generated +74% gains since my buy entry at $16.
▫️Trade #ETCUSD
🔹Buy Entry: $16-26
🔹TP1: $33
🔹TP2: $52
🔹TP3: $66 up to $100
⛔️ S/L: Under $14
✨#EthereumClassic Network Hashrate & Difficulty Charts.
👉🏻 Since its July bottom of $13.30, #ETC price has jumped +155% over 2 weeks, reaching $34 today. You should now know the reason, since I have already explained it in detail in my previous posts.
⚡️#Ethereum miners have started the biggest migration ever in crypto to #EthereumClassic, and without waiting for the execution of #ETH #Merge scheduled for mid-September.
▫️What is Ethereum Classic Hashrate?
$ETC hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by $ETC miners trying to solve the current #EthereumClassic block or any given block. (Hashrate is represented in Hashes per Second or H/s).
▫️What is Ethereum Classic Difficulty?
$ETC difficulty is a measure of how many hashes (statistically) must be generated to find a valid solution to solve the next #EthereumClassic block and earn the mining reward.
👉🏻 Since its July bottom of $13.30, #ETC price has jumped +155% over 2 weeks, reaching $34 today. You should now know the reason, since I have already explained it in detail in my previous posts.
⚡️#Ethereum miners have started the biggest migration ever in crypto to #EthereumClassic, and without waiting for the execution of #ETH #Merge scheduled for mid-September.
▫️What is Ethereum Classic Hashrate?
$ETC hashrate is a calculated numerical value that specifies an estimate of how many hashes are being generated by $ETC miners trying to solve the current #EthereumClassic block or any given block. (Hashrate is represented in Hashes per Second or H/s).
▫️What is Ethereum Classic Difficulty?
$ETC difficulty is a measure of how many hashes (statistically) must be generated to find a valid solution to solve the next #EthereumClassic block and earn the mining reward.
🛑 In the past 24 hours , 60,948 traders were liquidated, the total liquidations comes in at $301.75 millions.
🛑 The largest single liquidation order happened on #Okex with #ETHUSDT #SWAP value $2.41 millions.
🛑 #Ethereum is the Crypto with the largest liquidations for $155.49 millions value.
🛑 In the last hour, the exchange winner is #Okek with $2.12M liquidations (97.48% Long), followed by #Binance for $1.47M (93.39% Long).
💚 The real winners are those who haven't bet on $ETH falling because they know #Ether will continue to rise until at least the #Merge scheduled for mid-September.
💔 RIP anyone in an $ETH short.
🛑 The largest single liquidation order happened on #Okex with #ETHUSDT #SWAP value $2.41 millions.
🛑 #Ethereum is the Crypto with the largest liquidations for $155.49 millions value.
🛑 In the last hour, the exchange winner is #Okek with $2.12M liquidations (97.48% Long), followed by #Binance for $1.47M (93.39% Long).
💚 The real winners are those who haven't bet on $ETH falling because they know #Ether will continue to rise until at least the #Merge scheduled for mid-September.
💔 RIP anyone in an $ETH short.