RATE Group | Ethereum Classic (ETC) in retreat as the team prepares for Agarata.
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Ethereum Classic (ETC) in retreat as the team prepares for Agarata.

12 Dec Ethereum Classic (ETC) in retreat as the team prepares for Agarata.

Posted at 09:00h in Ethereum News by

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  • The ETC developers team announced the final call before the update.
  • Ethereum Classic (ETC/USD) is moving within the downside channel.
  • The critical resistance is located on the approach to $5.00.

Ethereum Classic, now the 25th largest digital asset with the current market value of $436 million and an average daily trading volume of $769 million, has recovered from the recent low of $3.55 to trade at $3.75 at the time of writing. Despite the recovery, the coin is still moving inside the range with a bearish bias. 

Agarata update is coming

The Ethereum Classic team is set to activate the  Agharta hard fork in January 2020. To finalize the process and check with the representatives of the four clients for ETC. 

Currently, the  Agharta hard fork is set to activate in mid-January 2020. The goal of this call is to reach a consensus on moving ECIP-1056 to the “Accepted” stage and to agree on a mainnet activation block number.

As we have previously reported,

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