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Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) Price Takes an Astounding Jump with the Intraday Movement

  • Ethereum Classic (ETC) jumps by 6% in the first half of the day.
  • The escalation spikes hope among the intraday traders.

Ethereum Classic took a surprising turn by climbing up. The traders weren’t expecting such an inclination in the current scenario. The altcoin market is currently dealing with the bears. Most of the coins in the market, including Bitcoin, Ethereum, Ripple, etc. are also dipping.

Ethereum Classic (ETC) is expected to close the day with a higher digit. This also reflects an indication of heavy recovery in the market. Let’s have a look at the intraday chart.

ETC to USD Price Chart:

The chart is taken from Trading View on 25th August 2019, at 08:27:17 UTC for price analysis.

Ethereum Classic price chart - Aug 25
Ethereum Classic Chart By TradingView

Yesterday, ETC opened with a drop of 1.66%. The price counters changed from $7.2 to $7.1. Later, the price took another drop and this time the regression was of 5.68% as the price changed from $7.1 to $6.7. The coin escalated from $6.8 to $7 by 3.67%. The coin closed at $6.8 with an intraday loss of 5.15%. Today, the first few hours brought a moderate profit. The major inclination took the price to $7.3 from $6.8 by 6.98%.

Summary of ETC Price:

  • The current trading price of the coin is at $7.2.
  • The coin is at the 16th rank in the crypto market.
  • The ROI (Return on Investment) is marked as 869.11%.
  • The market cap is noted as $823,624,897.
  • The circulating supply of the coin is at 112,963,304 ETC.
  • The 24hr volume is marked as $844,206,138.

Ethereum Classic Price Prediction and Conclusion:

Ethereum Classic (ETC) has many a time proved its potential in the altcoin market. The coin is often blamed for following Ethereum. Today, Ethereum is dealing in loss, but Ethereum classic has taken a wild jump.

A few days ago, the coin was seen dealing with the bears. It was under massive market pressure. The traders were also losing hope. Well, the currency fought against the pressure and started inclining in the better range today. The forthcoming time is anticipated to be flourishing. The coin is likely to close at $10 by the end of 2019. The traders interested in the coin should plan for long term investment to draw huge 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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