$8.28 ETC, do you dare to buy the dip?

The hard fork has just been activated, EVM fully compatible, hash rate hitting a new all-time high, and production will be reduced again in the second half of the year— but what about the price? It rose from $8.01 to $8.28, an increase of 3.7%. With so many positive signals, why is it still stagnant? Is this old coin really ready to be laid to rest?

First, look at the surface: positive news stacking up, price steady as a rock.

In the past 24 hours, ETC price rose from $8.01 to $8.28, a 3.37% increase. But don’t get too excited— the candlestick chart shows it has been trading sideways in the $7.9 to $8.5 range for a full three months. MACD just turned bullish, RSI fluctuates between 43 and 48, technical indicators tell you: there’s potential, but no volume.

First thing: the hard fork just landed, EVM fully compatible.

On April 1, the Spiral upgrade was successfully activated. This means all DApps, tools, and developers in the ETH ecosystem can now migrate seamlessly to ETC. The long-standing EVM incompatibility issue that ETC was criticized for is now history.

Second thing: hash rate hit a new all-time high.

171 to 172 TH/s. Miners are not fools—they vote with their feet. ETC is currently the world’s largest PoW smart contract platform. After Ethereum switched to PoS, all the old-school “code is law” miners have flocked to ETC.

Third thing: production will be reduced again in the second half of the year.

The Fifth Halving, scheduled for October to December, will cut block rewards from 2.048 to 1.6384 ETC. Supply tightens, deflation narrative. Plus, the Olympia upgrade at year’s end will introduce EIP-1559 burn mechanism and on-chain DAO governance.

On one side: hard fork completed, hash rate at new high, supply reduction expected, EVM compatibility.

On the other side: trading volume declining, whales fleeing, buy orders thin, market dragging behind.

Key level: $8.00, the last bottom line for bulls and bears.

If you’re a short-term trader: try small positions around $8.00, target $8.5 to $9.5, cut losses decisively if it falls below $7.8.

If you’re a long-term investor: build positions gradually between $7.5 and $8.0, buy more on dips. The supply reduction in the second half of the year is a certainty. Once the market warms up, ETC, as a beta coin, could surge enough to shake you out.

This bear market rebound that can turn you around is never driven by the popular hype coins everyone shouts about, but by these old coins that are forgotten by the market but are quietly improving on fundamentals.

ETC’s current state is very much like Bitcoin at $3,000 in 2019—most people thought it was doomed, but the smart money knew it was holding back a big move. #Gate广场四月发帖挑战 $ETC