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Ethereum Classic receives a strong long-term technical score of 73 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 73% 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.”
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Trade Analysis
ETC is currently -$14.24000000 (-48.12%) below its 100-day moving average price of $29.59 billion with its current price of $15.35 billion. Meanwhile, Ethereum Classic is $2.76 million (34.54%) above its 52-week low of $12.6 billion and -$61.72 billion (6.94%) below its 52-week high of $77.07 billion . The current price relative to its moving average and 52-week high and low result in a strong long-term technical score of 73. Trends for Ethereum Classic’s long-term trading history suggest traders are currently neutral on the coin. Ethereum Classic has a market cap of $2,078,846,764.25 and a relatively high average daily volume with $2,236,945,187.59 worth of the currency traded over a typical 24-hour period. Over the past 24 hours, ETC’s volume has traded below its seven-day average at 250,001,962.47.
summary
Ethereum Classic technical analysis over the past year found that the crypto earned a strong long-term technical score of 73, as its price action over this period has given traders reason to be neutral on the coin over the long-term. For the full Ethereum Classic (ETC) report, click here.
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