Ethereum Classic books 12% rally as mining support for ETC gains pace

Cointelegraph

Published Sep 05, 2022 03:30PM ET

Updated Sep 05, 2022 05:00PM ET

Ethereum Classic (ETC) price rallied on Sept. 5 on back-to-back positive reports concerning its adoption among crypto miners.

On the daily chart, ETC's price surged 14.5% to nearly $37.25 per token. Its massive gains came days after BTC.com, a blockchain explorer and crypto mining pool, launched a specialized Ethereum Classic pool with "zero-fee" mining for three months.

ETC/USD daily price chart. Source: TradingView
Ethereum Classic hashrate. Source: CoinWarz
ETC/USD daily price chart featuring 'bull flag' breakout setup. Source: TradingView

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