Ethereum Classic (ETC): How Does the Chart Look Monday?

Monday, June 27, 2022 05:08 PM | InvestorsObserver Analysts

InvestorsObserver gives Ethereum Classic a strong long-term technical score of 67 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 67% 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 67 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

ETC is currently -$12.5900000 (-43.30%) below its 100-day moving average price of $29.090000000 with its current price of $16.490000000. Meanwhile, Ethereum Classic is $3.9000000 (43.61%) above its 52-week low price of $12.600000000 and -$60.58000000 (8.42%) below its 52-week high of $77.070000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 67. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently neutral on the coin. Ethereum Classic has a total market value of $2,234,721,051.39 with an high average daily volume of $1,617,885,539.10 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 $346,394,548.94 exchanged in total.

Summary

ETC's historical trading over the past year gives it a a strong long-term technical score of 67 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).