Ethereum vs. Ethereum Classic: Which Crypto Did Better In June?

ether (CRYPTO: ETH) and Ethereum classic (CRYPTO: ETC) are two cryptocurrencies that run on the Ethereum blockchain.

Ethereum Classic is the original version of Ethereum that executed smart contracts using a proof-of-work platform. Ethereum later became a proof-of-stake platform after there was a hack on the platform.

Ethereum daily chart analysis

  • Ethereum has been trading along the higher, lower trendline and could break out if it can cross the resistance.
  • Ethereum is trading below the 50-day moving average (green) but above the 200-day moving average (blue), suggesting that the crypto is likely to be in a consolidation phase.
  • The 50-day moving average can act as a resistance while the 200-day moving average can act as a support level.

Important Ethereum Levels to Watch

  • Ethereum was able to hold the higher low trendline for the past few months; If it continues to hold that line, another breakout may eventually occur.
  • The crypto is showing some resistance near the $ 3,000 mark as this area has been rejected several times in the past.
  • The Relative Strength Index (RSI) has started to move back up and cross over the 50 mark again. This suggests that there are now more buyers than sellers in Ethereum again.

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Ethereum Classic Daily Chart Analysis

  • The Ethereum Classic chart looks similar to the Ethereum chart in that the stock was able to find support and go up near the higher low trendline.
  • Ethereum Classic is trading below the 50-day moving average (green) but above the 200-day moving average (blue), indicating that a period of consolidation is likely to take place.
  • The 50-day moving average can act as a resistance while the 200-day moving average can act as a support level.

Important Ethereum Classic Levels to watch

  • Ethereum Classic broke below the $ 80 mark, rebounded, and then couldn’t cross the $ 80 mark. Now this area can act as a resistance again.
  • An old resistance level of $ 40 later became support after crypto bounced near that level. Recently, Ethereum Classic was able to rebound near $ 40 as that level and the higher low trendline were both near this area, which technical traders could call an area of ​​doubled support.
  • The Ethereum Classic RSI has also started to rise and has climbed back above the 50 mark. The RSI is now at 51, which means there are slightly more buyers than sellers in crypto.

Ethereum VS Ethereum Classic in June

Ethereum opened on June 1st at a price of $ 2,705.72 and closed on June 30th at a price of $ 2,276.34, a loss of 15.87% for the month of June.

Ethereum Classic opened on June 1st at a price of $ 70.11 and closed on June 30th at a price of $ 57.50, a loss of 17.98% for the month of June.

The above calculations show that both cryptos lost ground over the course of June, but Ethereum would have lost less percent for the holders.

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