![Ethereum Classic [ETC] HODLers facing losses should read this](https://i.headtopics.com/images/2022/8/3/cryptoamb/ethereum-classic-etc-hodlers-facing-losses-should-read-this-1554867943049134082.webp)
EthereumClassic [ETC] HODLers facing losses should read this
Ethereum Classic [ETC] just concluded its most bullish month in July, during which it soared by more than 200%.
After delivering a 244% upside in July, ETC experienced resistance slightly above the 0.786 Fibonacci retracement level. As a result, ETC has so far pulled back by as much as 28%. An expected outcome considering the heavy upside.Despite the bearish pullback, ETC is already experiencing healthy demand in the first week of August. Its $37.59 press-time price represents a 17% rally in the last two days after bouncing off the 0.5 Fibonacci level.
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