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.
"As #EthereumClassic is a trust minimized blockchain, with a focus on high security, the opportunity is for well known and familiar productivity app designs to be built on top of #EthereumClassic to enable this large and untapped market." –@MyEtherplanhttps://t.co/RPnHWd60YL
— Ergo (@Ergo_Platform) August 10, 2019
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:
- 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.
