Ethereum Classic (ETC) Rises 3.35%, Underperforms the Crypto Market Thursday

Thursday, August 25, 2022 03:39 PM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has gained 3.35% to $37.36.

InvestorsObserver is giving Ethereum Classic a 52 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 52, placing it in the top 48% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ETC's moderate volatility reading comes 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 trading near resistance. With support set at $33.91 and resistance at $37.51. This positions Ethereum Classic with potential selling pressures ahead as it may be getting over extended.

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.