close
close

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

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.”

Long term technical - 73
InvestorsObserver gives Ethereum Classic a long-term technical rank of 73. Find out what that means for you and get the rest of the leaderboard on Ethereum Classic!

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.

Stay up to date

Subscribe to our daily morning update newsletter and don’t miss any major market news, moves and more.

Thanks for signing up! You are ready to receive the Morning Update newsletter

Leave a Comment