Ethereum Classic Price Analysis: ETC Price is Trading Above the Baseline Today!

Ethereum Classic recently tweeted about their authenticity mentioning that it is one of the trusted minimized Blockchain that focuses on high security and the popularity for productivity app designs that helps in enabling the untapped large market of investors.

Well, let’s hope that users understand this crucial information and join the supplies of ETC.

Current Statistics of Ethereum Classic

ETC price is recently seen trading at $5.862 at 07:10 UTC on 11th August 2019. The other essential factors are as follows:

Ethereum Classic price chart - Aug 11
Ethereum Classic Chart By TradingView
  • Return on Investment: 665.05%
  • Total supply/Circulating Supply: 112,617,401 ETC/ 112,617,401 ETC
  • 24 Hour Volume: 557,719,259 USD
  • Market Cap: 648,207,892 USD
  • 7 Day high/low: 6.36 USD / 5.56 USD

ETC to USD Price Comparison

Yesterday, the Ethereum Classic price was initially seen trading at $5.963 at 02:00 UTC which was dropped by 2% at 12:19 UTC trading at $5.844. The value from then increased by 1% by at 13:07 UTC yesterday with the trading price of $5.904. Then, ETC price dropped by 3.78% at 16:03 UTC with the trading value changed to $5.681. The value from then increased by 4.02% today at 06:15 UTC.

Ethereum Classic Price Prediction and Conclusion

Ethereum Classic is trading with bearish nature. However, this might invite some concern for the users in the trade as ETC coin has been falling in the same zone for quite some time now. The resistance and support levels might help the users to hold the position for a long time without falling for major losses:

Resistance Levels:

  • R3: $6.23
  • R2: $6.12
  • R1: $5.96

Support Levels

  • S1: $5.70
  • S2: $5.60
  • S3: $5.44

As per the trend we can see right now, and we might be able to see ETC price trading at $10 by the end of the year. You can go through ETC prediction to find more information on the expected coin price for upcoming years.

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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