Ethereum Classic up 75% in 8 days, but will ETH miners migrate after ETC ‘fifthening’? By Cointelegraph

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(ETC) price climbed on March 22, ignoring a deadly “death cross” on the weekly chart, as traders raised their bets on its potential to become a haven for miners fleeing the rival blockchain.

ETC’s price jumped over 15.5% to reach $44 a token for the first time since Dec. 9, 2021. The coin’s intraday gains came as a part of a broader rebound move that saw its price rallying more than 75% eight days after bottoming out near $25.

daily price chart. Source: TradingView
ETC/USD versus correlation coefficient. Source: TradingView
ETC/USD daily price chart. Source: TradingView