Ethereum Classic Ultra Long-Term Accumulation Phase Continues
2024-12-09

The longer the accumulation phase, the stronger the bull-market that follows... 

Good evening my fellow trader, you are great for reading this now and I would like to thank you.

This is a chart, a pair, a project, that we visit often. It happens with some of the pairs. Some we just tend to gravitate towards them and continue to publish updates. Ethereum Classic looks great long-term.

The accumulation phase continues. This past week closed green sealing five consecutive weeks green, but the action remains within a long-term range which is the consolidation or accumulation zone. This zone has been active now for a long-time, let's say since November 2021. 1,099 days.

Pre-2021 bull-market something similar happened. The accumulation phase lasted 900-1000 days. From the market bottom in December 2018 to the market top in May 2021 total growth amounted to 5,725%. This time around the accumulation phase has been going for longer and market conditions are much better compared to the past, which means we have huge potential for growth.

Just an update to mention that we continue bullish on ETCUSDT. New ATH potential goes between $291 and $390, with a standard bull-market. With a current price of $36 this would amount to 11X and 8X. If we consider the market bottom after the ATH, just to extract the full potential of a bullish phase ending in those prices, we would have total growth of 3150% and 2316%. Not bad. If we get a super bull-market growth potential can go even further, but we are more than happy with 20-30X. In fact, even 10X or 5X is amazing so...  The future is bright for us.

Thank you for joining.

Namaste.