Something is happening here with the Ethereum Classic chart that reveals a bright future.
Notice that back in July 2022 ETCUSDT only lasted a few days above EMA100 consolidating before moving forward.
This forward move was then followed by a strong correction which ended in a higher low.
This time around things are much difference.
Ethereum Classic consolidated above EMA100 but failed to move ahead, it went on to produce a correction yet still, within short-term and long-term higher lows. This is a revealing fact.
We might be looking at the last time that Ethereum Classic will be available at these low prices in its existence. For example, $12.5 USD as in June 2022 is already forever gone.
The longer a pair consolidates, the stronger the breakout.
The next time ETCUSDT moves up and peaks, instead of a strong correction to produce a higher low we can end with a long sideways consolidation phase before the next bullish jump.
Or the consolidation can have a downward slope as in a falling wedge pattern but still remaining multiple levels higher compared to now and then growth.
And this cycle repeats over and over for years to come.