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

Monday, May 16, 2022 06:43 AM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has increased 1.58% to $21.04.

InvestorsObserver is giving Ethereum Classic a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

See Full Report

Moderately Volatile

InvestorsObserver gives Ethereum Classic a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. ETC's moderate volatility reading pairs 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 favorably positioned going forward. With support near $20.08 and resistance set at $21.73. 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.