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Ethereum Classic (ETC): Does it Score Poorly on Long-Term Trading Metrics Wednesday?

Wednesday, May 18, 2022 07:10 AM | InvestorsObserver Analysts
Ethereum Classic (ETC): Does it Score Poorly on Long-Term Trading Metrics Wednesday?

InvestorsObserver gives Ethereum Classic an average long-term technical score of 66 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 66% 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.

Long-Term Technical - 66
InvestorsObserver is giving Ethereum Classic a 66 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 $21.040000000 for ETC is -$11.7800000 (-35.89%) below the coins 100-day moving average of $32.820000000. ETC meanwhile is $4.6300000 (61.18%) above its 52-week low of $16.410000000 and -$74.21000000 (11.59%) under its 52-week high price of $95.250000000. 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 66. The price movement and range of ETC suggest that investors are neutral on the coin at this time. Ethereum Classic currently has a total market cap of $2,836,952,449.40 to go along with its average daily volume of $2,672,928,693.07 worth of the currency over the past seven days. ETC's volume is below its seven day average as of the past 24 hours, with 344,686,533.06 exchanged in that period.

Summary

ETC's historical trading over the past year gives it a an average long-term technical score of 66 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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