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

Ethereum Classic receives an average long-term technical score of 43 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 43% 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 43 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

The current trading price of $35.250000000 for ETC is -$12.6800000 (-26.45%) below the coins 100-day moving average of $47.930000000. ETC meanwhile is $29.6700000 (434.21%) above its 52-week low of $5.590000000 and -$140.90000000 (14.34%) under its 52-week high price of $176.160000000. 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 43. The price movement and range of ETC suggest that investors are bearish on the coin at this time.


Ethereum Classic has a total market value of $4,652,927,265.19 with an high average daily volume of $2,560,049,275.84 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 $352,164,947.64 exchanged in total.

Summary

Trading patterns over the last year for Ethereum Classic leads to the coin’s an average long-term technical score of 43 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).