Ethereum Classic receives a strong long-term technical score of 98 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 98% 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’.
ETC is currently -$1.3500000 (-6.41%) below its 100-day moving average price of $21.130000000 with its current price of $19.780000000. Meanwhile, Ethereum Classic is $7.1800000 (69.68%) above its 52-week low price of $12.600000000 and -$32.39000000 (18.74%) below its 52-week high of $52.170000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 98. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently neutral on the coin.
Ethereum Classic has a total market value of $2,745,514,440.09 with an high average daily volume of $965,645,212.55 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 $336,543,181.82 exchanged in total.
Trading patterns over the last year for Ethereum Classic leads to the coin’s a strong long-term technical score of 98 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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