×
News Home

Should You Buy Ethereum Classic (ETC) Monday?

Monday, January 10, 2022 09:31 AM | InvestorsObserver Analysts
Should You Buy Ethereum Classic (ETC) Monday?

Ethereum Classic receives a weak long-term technical score of 32 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ETC holds a superior long-term technical analysis score than 32% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

Long-Term Technical - 32
InvestorsObserver is giving Ethereum Classic a 32 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

ETC is currently -$18.7800000 (-40.42%) below its 100-day moving average price of $46.470000000 with its current price of $27.690000000. Meanwhile, Ethereum Classic is $21.3500000 (263.43%) above its 52-week low price of $6.340000000 and -$148.47000000 (10.04%) below its 52-week high of $176.160000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 32. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently bearish on the coin. Ethereum Classic has a total market value of $3,660,510,543.45 with an high average daily volume of $2,052,927,722.35 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ETC's volume is below its average with $307,661,976.81 exchanged in total.

Summary

Trading patterns over the last year for Ethereum Classic leads to the coin's a weak long-term technical score of 32 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin. Click Here to get the full Report on Ethereum Classic (ETC).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App