Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) Falls by a Slight Margin; Resistance at $9.4

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  • Ethereum Classic (ETC) lost 0.4 USD from its value of last day.
  • The next resistance is likely to be at 9.4 USD.
  • The target price for 2019 is set at 20 USD.

Ethereum Classic (ETC) experienced its first hike of 4.85% on yesterday between 05:39 UTC and 16:42 UTC. But at 20:23 UTC, the coin started losing value where it lost 10.49% over the next 58 minutes. Then it was followed by a short hike of 6.16% that happened over 3 hours and 25 minutes from 21:21 UTC. Overall, the coin has lost 0.4 USD in the last 24 hours.

However, the medium-term outlook is bullish for ETC. It is likely to reach 20 USD by the end of this year. Let us analyze the current details of the coin.

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ETC Price Statistics-

Ethereum Classic Price Chart - 27 June
Ethereum Classic Price Chart
Ethereum Classic (ETC) 27th June 02:43 UTC
Rank 19th
ROI (Return on Investment) 1,085.97%
Coin Circulation 111,512,720 ETC
Market Cap 992,087,139 USD
Value in USD 8.909 USD
Value in BTC 0.00070132 BTC
24h Volume 1,243,038,224 USD

ETC to USD Price Comparison-

Ethereum Classic started the year with a fall of 31.27% that happened between 06th January and 06th February from the trading price of 5.492 USD. After this fall, at the onset of 13th March, the coin gained 108.89% over the next 25 days from the trading price of 4.199 USD. It was followed by a dip in the price by 38.32% in the next 19 days. The latest growth was of 71.96% between 09th May and 2nd June. The market cap on 27th May was 852,050,878 USD, and the value of each coin was 8.133 USD. The current market cap and the value of each coin are respectively 16.43% and 9.54% more than the values for the last month.

Ethereum Classic Price Prediction-

The medium-term outlook is bullish for ETC. By the end of this year, the coin may get to 20 USD. The resistance points are 9.49 USD, 9.94 USD, and 10.26 USD. The support levels are 8.72 USD, 8.4 USD, and 7.95 USD.

Conclusion-

The coin will do well in the long-term. Buying fresh coin is advised. By holding on the long-term, the coin is likely to give a return of at least 100%.

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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