• The price of ETC / USD is currently $ 15.07, up 1.32% over the past day.
• Trading volume has increased by 19.08% over the past day
• Technical indicators suggest a positive outlook in the short term
Short-term view: Ethereum Classic Token strives to thrive in the presence of bulls
The Ethereum Classic Today’s price is $ 15.07 and the 24-hour trading volume is $ 256,463,589. Ethereum Classic Tokens have increased by 1.32% in the last 24 hours. Trading volumes have increased over the past day as investor activity has increased, but the ratio of trading volumes to market capitalization is 0.1254 for altcoin.
Ethereum Classic Tokens are trading above 20,50 SMA on the 4-hour chart, so they seem to be bitterly placed to embark on an upward trajectory. Ethereum Classic is currently trading beyond the $ 13.50 support zone. If you can maintain this support, you will see an upward movement. On the other hand, when the $ 17 resistance collapses, we can see a move towards the next $ 20 resistance level. If support cannot be maintained at $ 13.50, it may fall towards the $ 12 mark. Assets are in the integration phase and are gaining momentum to get out of the turmoil.
Long-term outlook for Ethereum Classic
The Ethereum Classic Token is currently in the integration period as it has an RSI of 40.90 and an RSI line above the 14-day average line. The green bar on the daily chart is stagnant because the assets are in the accumulation period. The MACD and signal lines are gradually moving towards the positive region, and the MACD lines are also leading the signal lines on the daily chart. This is a good sign for the future outlook for the coin.
Conclusion
The Ethereum Classic Token is currently in the integration phase and only after the completion of this phase will the cryptocurrency market see a big wave of prices. Therefore, the next few days will prove to be important in determining the future course of the coin.
support: $ 13.50- $ 12
resistance: $ 17- $ 20
Disclaimer
The views and opinions expressed by the author or the people nominated in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.
