Price Analysis

Ethereum Classic (ETC) Price Analysis: ETC Exhibits a Soaring Intraday Movement

  • Ethereum Classic (ETC) rides the bull with the intraday movement.
  • The coin is expected to experience price rally soon.

Ethereum Classic was experiencing a pullback in the last week. The coin seems to follow the price momentum of Ethereum, and it helped the coin to come out of the same. Ethereum Classic has again started the upsurge from the past few days. The coin is expected to hold the momentum during the downtrend in the market. The coin is likely to remain positive as the future of the coin is promising. The investment in the coin wouldn’t go futile.

Summary of Ethereum Classic:

ParticularsEthereum Classic (ETC)
Price$5.795
ROI667.71%
Rank20
Market Cap$650,762,187
24hr Volume$417,931,803
Circulating Supply112,669,941 ETC

ETC to USD Price Chart:

The price analysis is done with the help of Trading View chart taken on 13th August 2019 at 05:37UTC.

Ethereum Classic price chart - Aug 13
Ethereum Classic Chart By TradingView

The three-day chart is reflecting an upsurge in the price. The coin opened around $5.6 on 11th August. The coin immediately jumped from $5.6 to $5.8 by 2.86%. Further, the coin again jumped from $5.7 to $5.8 by 2.24%. The coin closed at $5.8 having an intraday escalation of 3.14%. On 12th August, the coin started the day with a drop. The price changed from $5.8 to $5.7 by 1.84%. Later, the coin escalated from $5.7 to $5.9 by 2.75%. The coin closed at $5.8 having an intraday loss was of 0.50%. Today, the coin opened with an escalation of 0.36%. The price changed from $5.80 to $5.82.

Ethereum Classic Price Prediction and Conclusion:

Ethereum Classic (ETC) is expected to surge in the future too. The momentum of the coin is promising. The same would start the price rally in the market. The traders can dig in with a high prospect of profit. The coin is expected to touch $10 by the end of 2019. The long-term investment in the coin would help the traders to book high dividends.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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