Ethereum Classic (ETC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has dropped 0.89% to $30.58.
InvestorsObserver is giving Ethereum Classic a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!
Low VolatilityInvestorsObserver gives Ethereum Classic a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. ETC's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Ethereum Classic price is favorably positioned going forward. With support at $29.28 and resistance at $31.53. This leaves Ethereum Classic with room to run before facing selling pressures.