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Is Ethereum Classic (ETC) Heading the Right Direction Friday?

Friday, May 13, 2022 06:18 AM | InvestorsObserver Analysts
Is Ethereum Classic (ETC) Heading the Right Direction Friday?

InvestorsObserver gives Ethereum Classic a strong long-term technical score of 68 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. ETC at this time has a superior long-term technical analysis score than 68% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 68
InvestorsObserver is giving Ethereum Classic a 68 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

Ethereum Classic's price is -$12.4000000 (-37.39%) below its 100-day moving average price of $33.160000000 as its price at the moment sits at $20.760000000. Additionally, ETC is $4.3500000 (59.46%) higher than its 52-week low price of $16.410000000 while -$93.36000000 (9.43%) under its 52-week high of $114.120000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ETC a strong long-term technical score of 68. Long-term trading movement of Ethereum Classic suggest that investors are neutral on the coin at the moment. Ethereum Classic has a market capitalization of $2,797,226,429.72 and a relatively high average daily volume with $4,217,814,126.51 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ETC's volume is below its seven day average with 595,523,095.45 exchanged.

Summary

Technical analysis of Ethereum Classic over the past year results in the crypto receiving a a strong long-term technical score of 68 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Ethereum Classic (ETC).

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