Industry news:

The Antminer E3 has stopped mining Ethereum Classic (ETC) and will cease mining Ethereum (ETH) by next month.

In less than a month, Ethereum Classic's hash rate has dropped by almost half. Many miners are dropping out of the network, especially those who run the Antminer E3.

The Antminer E3 mining rig is the first and only mining device on an Ethash algorithm ASIC. First released in the summer of 2018, the miner has been popular for some time — albeit pricey.

Last week users reported difficulty mining with the Antminer E3 which may mark its end.

Technical analysis:

BTC has been reached my downside target at $9.060.Big resistance at the price of $9.265 is on the test and my advice is to watch for selling opportunities with the downward targets at $8.430 and $8.230

MACD oscillator is showing increase in momentum on the latest downside swing, which is good indication that supply is very strong.

Major resistance level is set at the price of $9.300-$9.425.

Support levels and downward targets are set at the price of $8.427 and $8.229.