saw a strong breakout past the $29-resistance level on 20 May. The subsequent hype around the approval of spot Ethereum exchange-traded funds also benefited Ethereum Classic. That’s not all either, with the network seeing its fourth halving on 31 May.
The breakout strength was also aided by the hype around Ethereum, which invariably has a positive effect on ETC as well. Since then, the momentum has slowed down. This was seen by the RSI’s drop to 49.
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