Ethereum Classic (ETC): How Does the Chart Look Wednesday? – InvestorsObserver
Ethereum Classic receives a strong long-term technical score of 68 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. ETC currently holds a superior long-term technical analysis score than 68% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
The current trading price of $29.960000000 for ETC is $6.9600000 (30.25%) above the coins 100-day moving average of $23.000000000. ETC meanwhile is $16.5400000 (141.27%) above its 52-week low of $13.420000000 and -$2.40000000 (61.69%) under its 52-week high price of $32.360000000. Ethereum Classic’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 68. The price movement and range of ETC suggest that investors are neutral on the coin at this time. Ethereum Classic has a total market value of $4,368,048,204.20 with an high average daily volume of $2,677,203,252.82 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ETC’s volume is below its average with $422,864,513.59 exchanged in total.
Summary
Technical analysis of Ethereum Classic over the past year results in the crypto receiving a a strong long-term technical score of 68 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Ethereum Classic (ETC).
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