Can Ethereum Classic’s Golden Cross Push ETC to $40

• The price of ETC has reached its highest point in over six months.
• The uptrend continued following a key price level breakthrough.

Ethereum Classic [ETC] is attracting significant interest after achieving a “Golden Cross,” recognized as a bullish technical indicator. This event is often perceived as indicative of considerable upward momentum.

Analyzing the Golden Cross and Technical Indicators

At the time of writing, Ethereum Classic’s value peaked at $33.20, bolstered by rising bullish sentiment. The chart displayed robust momentum, reflected by Bollinger Bands indicating increasing volatility to the upside.

Activity on Network and Social Sentiment

A significant surge in Ethereum Classic’s social media engagement signifies growing interest. Santiment’s analytics indicate an uptick in ETC’s social volume during November, remaining higher than previous months despite a slight recent decline.

Here is the ETC market cap expressed in BTC terms.

This indicates that while Ethereum Classic presents promising bullish potential through its recent Golden Cross signal, investors should remain cautious due to signs suggesting consolidation or minor pullbacks ahead.
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