4 REASONS WHY ETHEREUM CLASSIC IS SOARING — UP 40% THIS WEEK

The cryptocurrency market is a rollercoaster, and right now, Ethereum Classic (ETC) is enjoying a significant upswing. Ethereum has registered a 42% rally in just five days, surpassing the market capitalizations of global giants Coca-Cola and Alibaba. The surge followed the successful implementation of Ethereum s highly anticipated Pectra upgrade on its mainnet on May 7. According to market data from 8marketcap, Ether reached a market capitalization of over $308 billion as of [ ]Over the past week, ETC has surged a remarkable 40%, climbing from around $5.50 to roughly $7.30. 4 Reasons Why Ethereum Classic Is Soaring Up 40% This Week Aug Crypto News Cointelegraph.com News Ethereum Classic price is soaring this week on bullish news including North Block Capital investment group joining EThis impressive rally has caught the attention of investors and crypto enthusiasts alike, prompting many to wonder what's fueling this sudden burst of momentum. Vitalik Buterin claims that ETH 2.0 is at just 55% of the blockchain s completion, which will reduce its carbon emissions by 99%. While Ethereum (ETH) itself is enjoying a 56% monthly increase, its Ethereum Classic (ETC) variant is up by a whopping 146%.While the broader crypto market, including Ethereum (ETH) itself, has also seen positive growth, ETC's performance has been particularly noteworthy, even reaching a 146% monthly increase recently.But what's behind this surge?Is it a fleeting trend, or is there a more fundamental reason for ETC's recent success?We'll delve into the key factors driving ETC's price increase, exploring the bullish news stories, upcoming network upgrades, and underlying principles that are contributing to its current appeal. Movimenti settimanali di Ethereum Classic. Fonte: Coin360. Ecco alcune delle notizie che hanno probabilmente contribuito a scatenare l'impennata: Fork Atlantis nel prossimo mese. Il prossimo fork di Ethereum Classic, chiamato Atlantis, arriver con il blocco numero 8.772.000, che previsto per il 13 settembre. ComeJoin us as we uncover the 4 reasons why Ethereum Classic is soaring and what it could mean for the future of this often-overlooked cryptocurrency.

1.Bullish News and Market Sentiment Fueling the Surge

Several pieces of positive news have significantly influenced the market sentiment surrounding Ethereum Classic, contributing to its recent price surge.One notable development is the investment from North Block Capital into ETC's newly launched developer support program.This demonstrates institutional confidence in the project's future and commitment to its growth. ETC(Ethereum Classic 翻译名：以太坊经典)，当年，TheDAO 项目遭黑客攻击，短短几小时被盗取了 360 万枚 ETH，为逆转恶意交易，以太坊硬分叉，分叉出来的链仍沿用以太坊这个名称，而因此遗留下来的原链被命名为 以太坊经典。Such investments often trigger a positive ripple effect, attracting further interest from both retail and institutional investors.

• Increased Investor Confidence: News like this reassures investors and attracts new capital to ETC.
• Positive Market Outlook: Bullish news coverage creates a favorable environment for price appreciation.
• Network Growth Potential: Developer support programs signal future development and potential for network improvement.

Beyond specific investments, the overall perception of ETC as a potentially undervalued asset compared to its sister chain, Ethereum, also plays a role. Ethereum Classic 7-Tage-Kursdiagramm. Quelle: Coin360. Hier sind einige Nachrichten, die die H ndler zumindest vorl ufig optimistisch gestimmt haben. Atlantis Fork f r n chsten Monat angesetzt. Die sogenannte Atlantis Fork von Ethereum Classic ist f r n chsten Monat geplant. Das Datum wurde auf den 13.Some investors see ETC as a hedge against potential issues or delays with Ethereum's ongoing upgrades and transitions.

2.The Anticipation Surrounding the Atlantis Fork

Another significant factor contributing to ETC's recent price increase is the anticipation surrounding the Atlantis Fork.The Atlantis Fork, a planned network upgrade, garnered significant excitement within the Ethereum Classic community. Ethereum short positions have surged 40% in the last week and 500% since November 2025, hitting historic highs. ETH dropped 37% in 60 hours on February 2, erasing $1.2T from crypto markets. ETH trades in a tight range; a short squeeze could trigger a rebound. Ethereum has faced its most shortForks often act as catalysts for price appreciation as they introduce new features, improvements, or fixes that enhance the network's capabilities and appeal.The Atlantis Fork was specifically scheduled for block number 8,772,000, projected to occur on September 13, and this anticipation undoubtedly fueled buying pressure in the weeks leading up to the event.

What does a Fork mean for Ethereum Classic?

Forks essentially improve the overall performance of the coin, and the announcement and planning for this fork were expected to have an effect on the coin price.It is not uncommon for cryptocurrencies to increase in price leading up to industry events or conferences.

The expectation of enhancements and the buzz surrounding such events can attract speculators and long-term investors alike.

3.Ethereum's Progress and its Impact on Ethereum Classic

While seemingly paradoxical, the progress and developments within the Ethereum ecosystem can indirectly benefit Ethereum Classic.Vitalik Buterin's statements regarding the progress of ETH 2.0 (now simply referred to as the Merge and subsequent upgrades) – specifically, his claim that it's only at 55% completion – can influence investors.Even Ethereum enjoying a 56% monthly increase, its Ethereum Classic (ETC) variant is up by a whopping 146%.

Why is this? Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity.The complexity and potential delays associated with Ethereum's ongoing transition to a Proof-of-Stake (PoS) consensus mechanism and other upgrades can lead some investors to seek alternatives that remain committed to the original Proof-of-Work (PoW) model.

Ethereum Classic positions itself as upholding the original vision of Ethereum, emphasizing immutability and resistance to third-party interference.This resonates with investors who prioritize decentralization and a more conservative approach to blockchain governance.In light of these concerns, Ethereum Classic presents itself as a viable alternative for those who believe in the original principles of Ethereum, adding to its increasing value.

ETC: The Original Ethereum Vision

Ethereum Classic's core philosophy centers around the principles of:

• Decentralization: Maintaining a truly decentralized network, resistant to censorship and control.
• Immutability: Upholding the integrity of the blockchain's history and preventing alterations to past transactions.
• Permissionless Access: Ensuring that anyone can participate in the network without requiring authorization.

These principles differentiate ETC from Ethereum, particularly as Ethereum continues to evolve and make changes to its consensus mechanism and governance model. ETC has fallen by 40% since completing the double top pattern, leaving a long upper wick in its wake. The price is approaching a long-term ascending support trend line at $20.This difference appeals to a segment of the crypto community that values the original Ethereum vision, driving demand for ETC.

4.Ethereum's Market Dynamics and Potential Short Squeeze

The market dynamics surrounding Ethereum itself can also contribute to the rise of Ethereum Classic.The snippets mention that Ethereum short positions have surged in recent times, indicating a significant number of investors betting against ETH's price.This situation can create the potential for a short squeeze.

What is a Short Squeeze and How Does it Affect ETC?

A short squeeze occurs when the price of an asset unexpectedly rises, forcing short sellers to cover their positions by buying back the asset. Ethereum Classic price is soaring this week on bullish news including North Block Capital investment group joining ETC s newly-launched developer support programThis buying pressure further drives up the price, creating a positive feedback loop. The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago. This impressive double-digitWhile the direct impact on Ethereum Classic might seem indirect, it can still contribute to its price movement in several ways:

• Capital Rotation: If Ethereum experiences a short squeeze, some investors might take profits and rotate their capital into other cryptocurrencies, including Ethereum Classic.
• Increased Market Volatility: Overall market volatility can create opportunities for speculative trading, with some traders looking to capitalize on price swings in altcoins like ETC.
• Correlation Effect: The cryptocurrency market often exhibits correlation between different assets.A positive movement in Ethereum can indirectly boost the sentiment and price of other related cryptocurrencies, including Ethereum Classic.

So when the market is trending upwards, as Ethereum has had some recent positive momentum, this can translate to gains for related coins, ETC included.

Is Ethereum Classic a Good Investment?

Investing in any cryptocurrency carries inherent risks, and Ethereum Classic is no exception.Before making any investment decisions, it's crucial to conduct thorough research and carefully consider your risk tolerance.

Factors to Consider Before Investing in Ethereum Classic:

1. Market Volatility: Cryptocurrency prices are highly volatile and can fluctuate significantly in short periods.
2. Competition: The cryptocurrency market is competitive, and ETC faces competition from other smart contract platforms.
3. Technology and Development: Evaluating the ongoing development and technological advancements of the ETC network is essential.
4. Community Support: Assessing the strength and engagement of the Ethereum Classic community can provide insights into the project's long-term viability.

Despite the risks, Ethereum Classic offers potential benefits for investors who believe in its underlying principles and long-term vision.Its commitment to decentralization, immutability, and permissionless access resonates with a segment of the crypto community, and its potential as a hedge against Ethereum's evolution makes it an interesting option for portfolio diversification. 4 Reasons Why Ethereum Classic Is Soaring Up 40% This Week Buy, Sell, Trade Bitcoin with Credit Card 100 Cryptocurrencies @ BEST rates from multiple sources, Wallet-to-Wallet, Non-Custodial! 4 Reasons Why Ethereum Classic Is Soaring Up 40% This WeekSo while the 40% surge in value is welcome to investors, one should always remember to research any investment thoroughly.

The Future of Ethereum Classic

The future of Ethereum Classic is uncertain, but several factors could influence its long-term success.Continued development and upgrades to the ETC network, such as the Atlantis Fork, will be crucial for enhancing its capabilities and attracting new users and developers. Gr fico de precios de 7 d as de Ethereum Classic. Fuente: Coin360. Aqu hay algunas noticias que probablemente han convertido a los comerciantes en optimistas, al menos por el momento. La bifurcaci n Atlantis del pr ximo mes. La llamada Atlantis Fork, o bifurcaci n Atlantis, de Ethereum Classic est programada para el pr ximo mes.Furthermore, the overall sentiment and trends within the broader cryptocurrency market will undoubtedly play a significant role. Vitalik Buterin claims that ETH 2.0 is at just 55% of the blockchain s completion, which will reduce its carbon emissions by 99%. While Ethereum (ETH) itself is enjoying a 56% monthly increaseWhether ETC can maintain its momentum and establish itself as a leading smart contract platform remains to be seen.

Key Takeaways:

• Ethereum Classic (ETC) has surged 40% this week, driven by bullish news and market sentiment.
• The anticipation surrounding network upgrades like the Atlantis Fork has contributed to the price increase.
• Ethereum's progress and market dynamics, including potential short squeezes, can indirectly influence ETC's price.
• Ethereum Classic's commitment to decentralization, immutability, and permissionless access appeals to a specific segment of the crypto community.
• Investing in ETC carries risks, and it's crucial to conduct thorough research before making any investment decisions.

The surge in Ethereum Classic's price highlights the dynamic nature of the cryptocurrency market and the importance of staying informed about the factors driving price movements. p Ethereum Classic price is soaring this week as hype builds in the run-up to the Atlantis fork next month /p 4 Reasons Why Ethereum Classic Is Soaring Up 40% This Week - Sharecast.com SharecastWhile the future remains uncertain, ETC's recent performance suggests that it continues to hold relevance within the crypto ecosystem.