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- 1 Ethereum Classic price prediction is highly bullish for the next month.
- 2 ETC price is trying to climb above the 50-day EMA.
- 3 Ethereum Classic crypto price is getting ready for the range expansion.
Ethereum Classic price prediction stays bullish for the long term till ETC crypto sustains above $14.00. It suggests a significant rise is possible in the coming months.
ETC price is trying to break out of the 50-day EMA hurdle to reverse the short-term trend in an upward direction. If buyers succeed then it will increase the probability of reaching the $18.00 level.
Ethereum Classic price is forming a double bottom pattern and buyers are trying to break the neckline hurdle.
The price is below the 200-day EMA so the positional trend is in a downward direction. So, the ETC crypto price needs to break the neckline hurdle as well as the 200-day EMA to regain the confidence of investors.
In the last few weeks, ETC price traded in a narrow range and formed a strong base. So, the downside risk looks limited. The price pattern of ETC shows that the price is near to the demand zone and minor retracement will be easily bought up.
Ethereum Classic price is trading at $15.77 with an intraday decline of 0.24%. The 24-hour volume to market cap ratio is 3.60%.
Ethereum Classic Price Looks Cheap at Current Levels
Ethereum Classic price prediction is favoring the bulls and suggests buyers are returning back to track. ETC crypto showed a short-term recovery but the price still lacks positive momentum.
Until the price breaks the $18.00 hurdle it is expected to continue the consolidation in the existing range. The direction in the ETC crypto will be visible after the $18.00 breakout.
The price behavior of this crypto is quite stable indicating that the speculators are less active. Therefore, if any breakout attempt comes then the probability of sustaining the higher levels will remain high.
ETC Price is Reversing Upward; Genuine Buyers Needed
ETC price is reversing upward and buyers are trying their best to rebound. If the crypto leader BTC and ETH price recovers in the coming months. Then it might positively impact the prices of ETC as well as other altcoins.
The MACD curve is sloping upward and the histogram bar is on the rise. It indicates bulls are getting active and recovery is likely to continue. The RSI at 55 denotes the strength of the bulls and more room for upside is open.
Conclusion
Ethereum Classic price prediction is bullish for the long term. It formed a strong base near $15.00 so the downside looks limited. The analysis suggests that the ETC price is turning bullish and the possibility of reaching $18.00 by October ends is high.
Technical levels
- Resistance levels: $18.00 and $20.43
- Support levels: $15.00 and $13.57
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
