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- 1 The Ethereum Classic network crypto’s price decreased by 5.80% over the last week and it is trading below all major EMA’s.
- 2 The price of the ETC crypto is trading at $15.76 and the 52-week range is $12.65 – $24.23.
The ETC crypto has not performed well in the last month, decreasing by 15.69% and by 28.87% in the last six months. Ethereum Classic Network (COINBASE: ETC) crypto has a positive year-to-date return of 0.19% and a negative one-year return of 53.80%.
Ethereum Classic Network crypto surged by 0.89% in market value and declined by 6.00% in trading volume in the past day, as per Coinmarketcap, a crypto data analysis website. Its market value is $2,247,267,159 and its trading volume is $104,819,476. There are 142,635,311 ETC in circulation.
Ethereum Classic crypto’s (ETC) open interest is $71.83 Million. As per Coinglass, another crypto analysis website, it rose by 1.18% in the previous session. The long versus short ratio for 24 hours is 0.8832. The short liquidation is $34.54K versus $1.43 K for the long liquidation.
Ethereum Classic Price Technical Analysis in the 1-Day Timeframe
ETC coin price in the last three months showed both movements, upward from support of $14.39 to a high at around $23.19 and downward by falling from a high during this span.
At the time of publication, the ETC Coin’s current price is around $15.76 trading at the demand zone where liquidity is present in the Ethereum Classic coin, where buyers most probably have pending buy or sell orders in the Ethereum Classic coin waiting to be triggered and same can be spotted in the past over daily time frame chart, either the Ethereum Classic price consumes liquidity and crashes or takes support and rises.
Therefore, if Ethereum Classic fails to maintain the current level, the SOL coin price could continue to drag downwards and hit the nearest support levels around $14.39 and $12.65.
However, if the Coin price sustains the current level and Solana price increases, then it might reach the nearest resistance levels of $18.14 and $20.19.
At the time of publishing, the ETC crypto price (COINBASE: ETC) is trading underneath the 20, 50, 100, and 200-day EMAs (exponential moving averages), which is throwing the ETC crypto price trend down.
The MACD line at 0.73 and the signal line at 0.63 is below the zero line both lines crossed down to each other and a bearish crossover is observed in the MACD oscillator, suggesting bearish signals. The current value of the RSI is 34.36 points and the 14-day SMA is below the median line at 32.16 points, which indicates bearish sentiments as RSI took rejection on the 14 SMA line and headed for the oversold zone in the market for the ETC crypto and highlighting bearishness.
Conclusion
ETC crypto price prediction highlights the bearish sentiments and perspectives regarding the ETC crypto in the daily time frame. Ethereum Classic price action highlights a bearish view at the time of publishing. Moreover, the technical parameters of the Ethereum Classic price suggest the continuation of the downtrend over the daily time frame chart. Major reliable and trustworthy indicators MACD, RSI, and EMA, suggest bearish signals regarding the ETC crypto price.
Technical Levels:
- Support levels: The nearest support levels are $14.39 and $12.65.
- Resistance levels: The nearest resistance levels are $18.14 and $20.19.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
