Ethereum Classic receives a strong long-term technical score of 77 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 77% 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 $26.520000000 for ETC is -$5.2500000 (-16.52%) below the coins 100-day moving average of $31.770000000. ETC meanwhile is $15.6700000 (143.02%) above its 52-week low of $10.850000000 and -$149.63000000 (9.38%) under its 52-week high price of $176.160000000. 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 77. The price movement and range of ETC suggest that investors are neutral on the coin at this time.
Ethereum Classic has a market capitalization of $3,540,443,910.21 and a relatively high average daily volume with $2,489,313,117.23 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ETC’s volume is below its seven day average with 330,800,363.47 exchanged.
Summary
Trading patterns over the last year for Ethereum Classic leads to the coin’s a strong long-term technical score of 77 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.
Click Here to get the full Report on Ethereum Classic (ETC).
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
