Ethereum Classic (ETC) Up 0.51% Sunday: What's Next?

Sunday, September 04, 2022 04:52 PM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has gained 0.51% to $32.37.

InvestorsObserver is giving Ethereum Classic a 54 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 54, placing it in the top 46% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 in a favorable position going forward. With support at $31.98 and resistance around $32.54. 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.