This is a shitcoin and will dump.. people forget that this was free... it may do well in a bull market eventually but im selling the news on this one.
ethereum is a shitcoin indeed. but it wasn't free, it is the original chain. ETH was free since it is the fork coin
as for the sell the news i completely agree. whenever there is a news like this which comes out a while before the rise and the hype starts and ends before the actual date which is tomorrow according to OP.
although the altcoin market is completely random and unpredictable but that is what happens most of the times.The only move for Ethereum Classic holders to hope for is for Coinbase and Barry Silbert to pump this coin. But I don't believe that it will also be enough to let it settle on its "former highs". The bears are plainly too strong this year.
no coin can reach its "former highs" this soon because they are still recovering from that bubble they set and unless they are dumped properly down to their real bottoms you can not expect any meaningless rises from any of them.
in case of ETC, it seems like they have pumped it in the past 24 hours but it was a small pump of 15% but at the same time since it was small it is hard to say if this pump was really because of this news or was it just the recovery from the 2 days ago's dump.
looking at the charts it went from $20 down to $10 and now it is up to $14.... so i don't think it can be
that relevant to this news!