Ethereum Classic (ETC), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?

Tuesday, July 05, 2022 06:17 PM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 0.61% to $15.12.

InvestorsObserver is giving Ethereum Classic a 33 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

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Moderately Volatile

InvestorsObserver gives Ethereum Classic a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. ETC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Ethereum Classic price is well positioned going forward. With support at $14.49 and resistance set at $15.49. This positions Ethereum Classic with room to run before facing selling pressures.

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.