Ethereum Classic (ETC) Up 1.87% Thursday: What's Next?

Thursday, January 13, 2022 10:15 AM | InvestorsObserver Analysts

Ethereum Classic (ETC) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has gained 1.87% to $31.49.

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 follows which means that one day won't define its volatility rank - a trend will. ETC's low volatility reading is coupled 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 near resistance. With support at $29.94 and resistance around $31.53. 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.