Ethereum Classic Price Analysis: Ethereum Classic (ETC) starts recovery after heavy plunge

  • Ethereum Classic embarks recovery on the price chart.
  • Intraday traders can have a great day ahead.

The market was seen improving from yesterday. The coin started improving from yesterday onwards. The coin touched a high at $5.66 and a low at $5.43. The volume marked on yesterday’s chart was $365,608,038.

The coin is believed to keep the price up for the rest of the day. The traders could experience a good day after a long time. Let’s have a look at the intraday chart.

Current Statistics of Ethereum Classic (ETC):

Particulars Ethereum Classic (ETC)
Price $5.62
ROI 646.91%
Rank 20
Market Cap $633,945,982
24hr Volume $412,160,987
Circulating Supply 112,815,114 ETC

ETC to USD Price Comparison:

ETC Price Prediction
ETC Price Chart by TradingView

The chart is taken from Trading View on 19th August 2019 at 05:25:55 UTC for price analysis.

Yesterday, the coin started with a downtrend. The coin slipped from $5.46 to $5.43 by 0.62%. The coin escalated from $5.43 to $5.57 by 2.56%. Further, the escalation continued from $5.5 to $5.6 by 1.06%. The coin kept dealing around $5.6 and $5.7. The coin closed around $5.58 with an escalation of 2.05%. Today, the coin opened with a hike. The price changed from $5.58 to $5.60 by 0.36%. Later, the coin dropped from $5.6 to $5.5 by 1.27%.

ETC Price Prediction and Conclusion:

Ethereum Classic (ETC) reflected a tremendous potential in the current price drop. The coin kept dealing at a price of around $5.5. The currency is expected to rise in the future. The traders would be dealing with profits in the coming time. According to ETC prediction and experts, the currency is anticipated to deal around $8 to $10 by the end of 2019.  Altogether, the investment in the coin wouldn’t go futile. The traders should plan for long term investment in the coin. The same would bring colossal profit in the future.

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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