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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).

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