Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) Shows Stability; Resistance is Likely at $9.4

  • Ethereum Classic (ETC) shows five price swings in the last 24 hours.
  • By the end of this year, the coin is likely to be around 20 USD.

Ethereum Classic has proved itself as a profitable coin for intraday traders. The coin has been showing huge price variations since last few days. ETC has shown five major variations in the last 24 hours. The first dip of yesterday happened between 02:38 UTC and 03:35 UTC. This dip was of 1.46%. Another fall of 1.91% happened between 11:22 UTC and 12:25 UTC. It was followed by a hike of 1.87% in the next 3 hours and 56 minutes. Again, the coin fell by 1.83% over the next 58 minutes. But the latest growth is credited with the task of retaining ETC’s value in a stable range. The growth was of 2.69% that happened over 3 hours and 27 minutes starting from 21:09 UTC. The medium-term outlook of the coin is bullish, and the value may get as high as 20 USD by the end of this year. Let us look at the current details of the coin.

ETC Price Statistics-

Ethereum Classic Price Chart - 26 June
Ethereum Classic Price
Ethereum Classic (ETC)26th June 03:18 UTC
Rank19th
ROI (Return on Investment)1,126.88%
Coin Circulation111,489,477 ETC
Market Cap1,027,050,013 USD
Value in USD9.230 USD
Value in BTC0.00077434BTC
24h Volume786,833,009 USD

ETC to USD Price Comparison-

ETC started gaining strength from 13th March of this year. The first hike happened over the next 25 days from 13th March. The hike was of 108.30%. It was followed by a fall of 38.68%, which happened in the next 19 days. This created a price triangle.  Another huge hike happened between 09th May and 02nd June. This hike was of 70.43%. This was followed by a dip of 14.27%, and this happened in the next 4 days. The market cap on 26th May was 796,666,695 USD, and the value of each coin was 7.804 USD. The current market cap and the value of each coin are respectively 28.92% and 18.27% more than the figures for the last month.

ETC Price Prediction-

The medium-term outlook of ETC is bullish. By the end of this year, the coin is likely to roam around 20 USD. The next resistance levels are 9.35 USD, 9.45 USD, and 9.6 USD. The support levels are 9.1 USD, 8.95 USD, and 8.85 USD.

Conclusion-

The coin has a bullish medium-term future. Holding ETC at least until the end of 2019 is likely to give 100% return on the current investment.

Tags

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.
Back to top button
Close