Ethereum Classic receives a weak long-term technical score of 30 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 30% 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’.
Ethereum Classic’s price is -$13.1700000 (-47.01%) below its 100-day moving average price of $28.020000000 as its price at the moment sits at $14.850000000. Additionally, ETC is $2.2500000 (30.55%) higher than its 52-week low price of $12.600000000 while -$62.22000000 (6.29%) under its 52-week high of $77.070000000. 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 30. Long-term trading movement of Ethereum Classic suggest that investors are bearish on the coin at the moment.
Ethereum Classic has a market capitalization of $2,013,387,614.58 and a relatively high average daily volume with $1,700,890,102.70 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ETC’s volume is below its seven day average with 205,905,850.78 exchanged.
Trading patterns over the last year for Ethereum Classic leads to the coin’s a weak long-term technical score of 30 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).
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