What do the Long-Term Technicals Predict for Ethereum Classic (ETC) Wednesday?

Wednesday, September 21, 2022 07:09 PM | InvestorsObserver Analysts

Ethereum Classic receives an average long-term technical score of 58 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 58% 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 58 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

The current trading price of $27.590000000 for ETC is -$0.2300000 (-0.82%) below the coins 100-day moving average of $27.820000000. ETC meanwhile is $15.0000000 (131.73%) above its 52-week low of $12.600000000 and -$37.35000000 (27.09%) under its 52-week high price of $64.940000000. Ethereum Classic's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 58. The price movement and range of ETC suggest that investors are neutral on the coin at this time. Ethereum Classic has a total market value of $3,779,786,016.86 with an high average daily volume of $4,890,753,103.36 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 $1,006,471,480.98 exchanged in total.

Summary

ETC's historical trading over the past year gives it a an average long-term technical score of 58 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Ethereum Classic (ETC).