Ethereum Classic receives a strong long-term technical score of 71 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 71% 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’.
Trading Analysis
ETC is currently -$10.1500000 (-34.20%) below its 100-day moving average price of $29.680000000 with its current price of $19.530000000. Meanwhile, Ethereum Classic is $6.9300000 (67.72%) above its 52-week low price of $12.600000000 and -$33.79000000 (17.87%) below its 52-week high of $53.320000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 71. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently neutral on the coin.
Ethereum Classic currently has a total market cap of $2,693,854,162.55 to go along with its average daily volume of $230,546,289.83 worth of the currency over the past seven days. ETC’s volume is above its seven day average as of the past 24 hours, with 242,367,721.62 exchanged in that period.
Summary
Trading patterns over the last year for Ethereum Classic leads to the coin’s a strong long-term technical score of 71 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.
Click Here to get the full Report on Ethereum Classic (ETC).
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