Ethereum Classic Jumps 7.49% to $9.18 on Short Squeeze
- —ETC gained 7.49% in 24 hours to $9.18, up 26.93% on the week
- —Trading volume was 116.16% above the 30-day average
- —RSI at 71.7 and stochastic at 95.1 signal overbought conditions
- —Price remains 94.44% below its May 2021 all-time high of $165.15
Why it matters: ETC's rally is part of a broad market move driven by short liquidations; overbought readings raise the risk of a pullback.
Source: DiarioBitcoin