Ethereum Classic has performed well among the top 100 cryptocurrencies with market value in the past 24 hours.

The original eco currency ETC of Ethereum's classic blockchain has risen by more than 27% in the past 24 hours. As a result, it has become one of the best performing cryptocurrencies in the top 100 by market value.

When ETC rose, the cryptocurrency sales market performed well in the past 24 hours. The total market value at this stage is about US $100 million, which has increased by more than 2% today.

BTC is a leading cryptocurrency in technology. Although the crypto market is performing well at this stage, it is still unable to improve the psychological level of 20000 dollars. BTC has risen by more than 1% in the past 24 hours.

The gathering of the Ethereum Classic coincides with the full preparation of the Ethereum community for the theme activity of the competition. Hopewell will transfer the verification of the Ether blockchain from the proof of work (PoW) system to the proof of equity (PoS) system.

Because of pooling, the Ether blockchain will not be suitable for mining. Mining on the Internet will have to be transferred to other blockchains, and Ethereum Classics is one of the options they can use.

The key level to be monitored

ETC/USD 4-hour data chart is very bullish, because Ethereum Classic Currency performs better than other key cryptocurrencies in the market.

The deep positive zone of MACD line indicates that ETC has a strong bullish trend at this stage.

The 14 day relative strength index value is 84 at this stage, indicating that ETC has rapidly entered overbought areas.

As of the time of submission, the ETC trading price was 40.60 USD. If the increase continues, ETC may raise the highest point of last month by 45.65 dollars before the end of the day.

If the performance continues to rise, ETC is likely to try to achieve the friction resistance of $54 for the first time since March 2022.