Binance, the leading crypto exchange by volume, has confirmed plans to support upcoming network upgrade. Accordingly, the trading platform will temporarily halt ETC deposits & withdrawals on Feb 4. Binance to support Ethereum Classic’s planned upgradeBinance reveals that it will support Ethereum Classic’s network upgrade. The added that it will temporarily suspend ETC deposit & withdrawal transactions on Feb 4 at 13:00 UTC. The upcoming upgrade will happen at 19,250,000 block height at around 13:50 UTC on Sunday.ETC trading will remain uninterrupted during the planned improvement. Meanwhile, Binance will satisfy all user technical needs and relaunch deposits and withdrawals once the upgrade gains stability.Network upgrades are essential as they change or enhance the existing software or protocol. They improve blockchain features such as performance, scalability, and security. ETC price outlookEthereum Classic maintained bullish prices during this publication, up 3.25% over the previous day to $25.58. The altcoin seems ready to break from a rounding bottom pattern after notable recoveries in the last 48 hours.(Click on image to enlarge)
ETC 1D Chart on CoinmarketcapContinued buy actions might propel ETC past the pattern’s neckline at $26, translating to solid uptrends to $30. Bullish network developments and supportive broad market catalysts, including Ethereum speculations and the upcoming halving, might propel Ethereum Classic’s price to $50.More By This Author:As The Nikkei 225 Index Surges, Is Bank Of Japan A Risk? Google CEO Says ‘Best Is Yet To Come’ After Q4 Results What U.S. Presidential Elections Mean For Stock Market
Binance To Support Ethereum Classic Network Upgrade
