Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) Touches $9 After Days Of Struggle

  • Ethereum Classic (ETC) goes beyond 9 USD mark.
  • The target price for 2019 should be 20 USD.

Ethereum Classic has been slowly making its mark on the crypto market by taking small steps at a time. The coin has been stable for a large part of this year. It has shown only 4 major price swings in the last 24 hours. The biggest hike was made between 00:16 UTC and 10:26 UTC. This gain was of 5.90%. It was followed by a dip of 2.98% over the next 5 hours and 3 minutes. Again the coin got a hike of 2.61% between 15:31 UTC and 18:02 UTC. It was followed by a dip of 1.80% over 2 hours and 52 minutes. There were two price triangles in the last 24 hours. However, the medium-term outlook is bullish for ETC. By the end of this year, the coin is likely to get around 20 USD. Let us look at the current details of the coin.

ETC Price Statistics-

Ethereum Classic Price Chart - 25 June
Ethereum Classic Price Chart
Ethereum Classic (ETC)25th June 03:17 UTC
Rank19th
ROI (Return on Investment)1,128.64%
Coin Circulation111,464,194 ETC
Market Cap1,031,286,688 USD
Value in USD9.251 USD
Value in BTC0.00083130BTC
24h Volume736,696,411 USD

ETC to USD Price Comparison-

The first price triangle was seen at the onset of April. ETC gained 89.09% between 26th March and 07th April only to fall 39.02% again in the next 19 days. There was another hike of 38.74% over 7 days starting from 09th May. The latest hike was made between 22nd May and 02nd June. The hike was of 37.71%. The market cap on 25th May was 815,942,356 USD, and the value of each coin was 7.413 USD. The current market cap and the value of each coin are respectively 26.39% and 24.79% more than the values of the last month.

ETC Price Prediction-

The medium-term outlook of ETC is bullish, and by the end of this year, the coin is likely to be around 20 USD. The next resistance points are 9.443333333 USD, 9.626666667 USD, and 9.863333333 USD. The support levels are 9.023333333 USD, 8.786666667 USD, and 8.603333333 USD.

Conclusion-

ETC has a bullish future, so buying fresh coins will be a prudent decision. Holding for a long-term would give at least 100% return on the current investment.

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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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