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Ethereum Classic Sees Market Surge Amid Ethereum ETF Speculation

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Ethereum Classic’s recent rally aligns with market speculation about a potential Ethereum ETF, highlighting investor optimism.ETC’s bitcoin breakthrough past the 0.5 Fibonacci retracement level marked a critical juncture in its market trajectory.The current position of Ethereum Classic at a major support-resistance flip suggests a possible market reaction.Ethereum Classic, in the wake of market speculation about a potential Ethereum ETF, has witnessed a notable shift in its trading pattern. Consequently, the asset has broken through the 618 golden ratio, marking a significant turn in its market trajectory. This development places Ethereum Classic at a crucial juncture, teetering on a major support and resistance flip.CryptoBusy, a renowned crypto analyst, recently shared insights on X, emphasizing Ethereum Classic’s significant market shift.The crypto community has been abuzz with talks of an Ethereum ETF. This speculation has fueled a bullish sentiment in the market. Ethereum Classic, in response, has shown remarkable resilience and growth. The rise above the 0.5 Fibonacci level was particularly noteworthy. It signaled a robust market response to the unfolding events.Currently, Ethereum Classic finds itself at a crucial juncture. The price rests on a major key level, supporting and resisting. This position is critical for traders and investors alike. Moreover, it indicates a potential point for a market reaction. Market analysts closely watch this level to gauge future movements.Read full article at CryptoTale.

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