Is Ethereum Classic (ETC) Heading the Right Direction Friday?

Friday, March 24, 2023 11:02 AM | InvestorsObserver Analysts

InvestorsObserver gives Ethereum Classic an average long-term technical score of 57 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. ETC at this time has a superior long-term technical analysis score than 57% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Ethereum Classic a 57 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

The current trading price of $20.230000000 for ETC is $0.2000000 (1.02%) above the coins 100-day moving average of $20.030000000. ETC meanwhile is $7.6300000 (73.28%) above its 52-week low of $12.600000000 and -$31.94000000 (19.61%) under its 52-week high price of $52.170000000. Ethereum Classic's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 57. 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 $2,833,824,183.40 with an high average daily volume of $1,228,149,890.40 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 $197,511,130.79 exchanged in total.

Summary

ETC's historical trading over the past year gives it a an average long-term technical score of 57 as its price movement in that time has given investors 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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