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Ethereum Classic (ETC): How Does it Rank Saturday on Long-Term Trading Metrics?

Saturday, May 07, 2022 07:30 PM | InvestorsObserver Analysts
Ethereum Classic (ETC): How Does it Rank Saturday on Long-Term Trading Metrics?

Ethereum Classic receives an average long-term technical score of 48 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 48% 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.

Long-Term Technical - 48
InvestorsObserver is giving Ethereum Classic a 48 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

ETC is currently -$6.3900000 (-19.21%) below its 100-day moving average price of $33.270000000 with its current price of $26.870000000. Meanwhile, Ethereum Classic is $5.1300000 (73.02%) above its 52-week low price of $21.740000000 and -$117.61000000 (11.68%) below its 52-week high of $144.480000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 48. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently bearish on the coin. Ethereum Classic has a market capitalization of $3,618,780,110.06 and a relatively high average daily volume with $4,374,416,703.03 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 382,525,189.42 exchanged.

Summary

Technical analysis of Ethereum Classic over the past year results in the crypto receiving a an average long-term technical score of 48 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Ethereum Classic (ETC).

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