Ethereum Classic (ETC), Low Volatility but Rising Sunday: Is it Time to Cash Out?

Sunday, January 02, 2022 09:07 AM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the crypto has advanced 1.37% to $34.94.

InvestorsObserver is giving Ethereum Classic a 10 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

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Low Volatility

InvestorsObserver gives Ethereum Classic a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 trading above resistance. With support at $34.09 and resistance around $34.86. This leaves Ethereum Classic out of range and potentially in a volatile position if the rally burns out.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.