Should You Buy Ethereum Classic (ETC) Thursday?

Thursday, March 28, 2024 08:37 AM | InvestorsObserver Analysts

Ethereum Classic receives an average long-term technical score of 62 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. ETC currently holds a superior long-term technical analysis score than 62% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Ethereum Classic a 62 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

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Trading Analysis

Ethereum Classic's price is $5.2800000 (19.69%) above its 100-day moving average price of $26.830000000 as its price at the moment sits at $32.110000000. Additionally, ETC is $18.6900000 (157.27%) higher than its 52-week low price of $13.420000000 while -$7.51000000 (55.81%) under its 52-week high of $39.620000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ETC an average long-term technical score of 62. Long-term trading movement of Ethereum Classic suggest that investors are neutral on the coin at the moment. Ethereum Classic currently has a total market cap of $4,696,519,912.27 to go along with its average daily volume of $2,290,722,490.39 worth of the currency over the past seven days. ETC's volume is below its seven day average as of the past 24 hours, with 297,869,971.92 exchanged in that period.

Summary

Technical analysis of Ethereum Classic over the past year results in the crypto receiving a an average long-term technical score of 62 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).