$8.88 ETC, do you dare to chase?
It rose 4.2% in 6 hours, jumping straight from 8.49 to 8.88. MACD turned green, RSI once surged to 91—overbought to the max. Some call it a "dead cat bounce," others say it's a "technical bull comeback." Is this old coin truly alive, or just a last-minute pump scam?
First, look at the surface: the rise is fierce, but so fierce it’s nerve-wracking.
Up 4.2% in 6 hours, with trading volume surging, buyers are indeed pushing in. But RSI on the 6-period chart hit a high of 91.05—overbought to grandma’s house. The 12-period RSI also soared to 82.86. The technical signals tell you: a sharp drop could happen at any moment, profit-takers are waiting to run.
First thing: Spiral hard fork just went live, fully compatible with EVM.
On April 4th, ETC completed the Spiral upgrade, meaning ETC can now seamlessly run all Ethereum DApps and tools. Previously, ETC was said to lack an ecosystem, but this shortcoming is being addressed. At the same time, the entire network’s hash rate hit a new all-time high, with miners flooding in from other PoW chains.
Second thing: The fifth halving is coming, around August-October 2026.
Block rewards will be cut by another 20%, further strengthening its deflationary nature. This is similar to Bitcoin’s halving logic, but ETC reduces every 5 million blocks, making the schedule more predictable. Total supply is 21.07 million coins, making it a solid scarce asset among old PoW coins. The halving expectation + record-high hash rate + EVM compatibility—these three factors stacking together are no coincidence.
Third thing: Community sentiment is 81% bullish, but some are throwing cold water.
Despite ETC rising 10%, other markets are still sideways or even falling. Some veteran traders say this is just a "dead cat bounce," a temporary capital rotation into old PoW chains, not a real reversal. When everyone is bullish, that’s usually the top; when people are cautious, that’s often the bottom.
On one side: Spiral upgrade, record hash rate, halving expectation, 81% bullish.
On the other side: RSI overbought at 91, unstable inflows, community questioning "dead cat bounce."
Key level: 8.79, the dividing line between bulls and bears.
If you’re a short-term trader: buy in stages at 8.30-8.55, set stop-loss at 7.90. First target: 8.80, then 9.00, aiming for 9.50. If it breaks below 7.90, get out—don’t hold.
If you’re a long-term investor: dollar-cost average in the 7.80-8.30 range. Spiral upgrade + fifth halving, two catalysts on the way, target $12-$15. Keep position size at 5-8%, don’t go all-in.
In this bull market, the coins that will make you money aren’t the hot hype coins everyone shouts about, but these old coins with disagreements, upgrades, and solid fundamentals.
ETC now is like ETH in 2016—those who don’t understand think it’s destined for the grave, but those who get it are slowly accumulating around $8.
