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Ethereum Classic (ETC) trending down or up on Saturday?

Ethereum Classic receives a strong long-term technical score of 75 InvestorsObserver‘s research is based on historical trading patterns. The proprietary grading system weighs up price action over the past few months up to a year, analyzing the coin’s support and resistance levels and where it stands against long-term averages to determine if it’s a strong buy-and-hold investment opportunity acts. ETC currently has a superior long-term technical analysis value than 75% of the cryptos in circulation. This ranking metric is most useful for buy-and-hold investors looking for strong, steady growth in allocating their wealth. Coins with high long- and short-term technical scores can help indicate assets that have bottomed and offer investors an opportunity to “buy the dip.”

Long term technical - 75
InvestorsObserver gives Ethereum Classic a long-term technical rank of 75. Find out what that means for you and get the rest of the leaderboard on Ethereum Classic!

Trade Analysis

ETC’s current trading price of $22.96 billion is -$8.79 million (-27.69%) below the coin’s 100-day moving average of $31.75 billion. ETC, meanwhile, is $6.54 million (72.86%) above its 52-week low of $16.41 billion and -$56.04 billion (16.40%) below its 52-week high of $79.0 billion . Ethereum Classic’s current price relative to the coin’s long-term average and 52-week high and low gives the crypto a strong long-term technical score of 75. ETC’s price action and range suggest that investors in the coin are neutral about time. Ethereum Classic currently has a total market cap of $3,099,305,048.03, which is the currency’s average daily volume of $4,222,744,817.88 over the past seven days. ETC’s volume is down from its seven-day moving average over the last 24 hours, with 501,726,004.71 traded during the period.

summary

Trading patterns over the past year for Ethereum Classic resulted in the coin’s strong long-term technical rating of 75, as its consistency, volatility and relationship to long-term moving averages have given investors reason to be neutral on the coin. For the full Ethereum Classic (ETC) report, click here.

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