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

Thursday, January 20, 2022 11:30 AM | InvestorsObserver Analysts

Ethereum Classic receives an average long-term technical score of 54 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ETC holds a superior long-term technical analysis score than 54% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Ethereum Classic a 54 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

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Trading Analysis

The current trading price of $31.820000000 for ETC is -$12.4200000 (-28.07%) below the coins 100-day moving average of $44.240000000. ETC meanwhile is $25.1600000 (312.33%) above its 52-week low of $6.670000000 and -$144.34000000 (12.39%) 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 an average long-term technical score of 54. 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 $4,213,544,320.01 and a relatively high average daily volume with $2,315,173,939.84 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 351,739,884.10 exchanged.

Summary

ETC's historical trading over the past year gives it a an average long-term technical score of 54 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).