Ethereum Classic (ETC) has just formed a bullish hammer candlestick on the daily ETC/USD chart above, which followed by a green candle is a strong sign of a downtrend capitulation as it indicates that the bears have finally given up. This marks the beginning of a new cycle for Ethereum Classic (ETC) as a reversal is expected from these levels. The solid support of $10 has served as a historical demand zone for Ethereum Classic (ETC) and is a very strong one. "Ethereum Classic (ETC) rebounded strongly"[ Ethereum Classic (ETC) rebounded strongly ](http://ethereumpricep.blogspot.com/2018/08/ethereum-classic-etc-rebounded-strongly.html