InvestorsObserver
×
News Home

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

Wednesday, April 27, 2022 02:15 PM | InvestorsObserver Analysts
Ethereum Classic (ETC): How Does the Chart Look Wednesday?

InvestorsObserver gives Ethereum Classic an average long-term technical score of 41 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 41% 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 - 41
InvestorsObserver is giving Ethereum Classic a 41 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

Ethereum Classic's price is -$2.1600000 (-6.52%) below its 100-day moving average price of $33.200000000 as its price at the moment sits at $31.040000000. Additionally, ETC is $9.3000000 (92.16%) higher than its 52-week low price of $21.740000000 while -$145.12000000 (11.94%) under its 52-week high of $176.160000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ETC an average long-term technical score of 41. Long-term trading movement of Ethereum Classic suggest that investors are bearish on the coin at the moment. Ethereum Classic has a total market value of $4,173,666,096.57 with an high average daily volume of $4,345,087,216.22 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 $482,316,580.14 exchanged in total.

Summary

Trading patterns over the last year for Ethereum Classic leads to the coin's an average long-term technical score of 41 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Ethereum Classic (ETC).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App