Will the Bears Gain Control Over Ethereum Classic (ETC) Again?
Ethereum Classic price since the end of October month indicates a slightly upside movement. However, currently, it is trading downwards. ETC was priced at $5.008 on October 31, 2019 with the movement being upward. On the same day there was a drop in the price of 5.73%. The price continued to fall until the next day, post which there was a rise of almost 5% on November 2, 2019. There were a few falls, and Ethereum Classic managed to reach $5.03 yesterday with the uptrend maintained.
Ethereum Classic Price Prediction:
Ethereum Classic is reflecting a downtrend by 3.28% as compared to yesterday’s trading price of $5.036. The same movement is likely to remain for some time. As per the current trend, we suggest selling the old coins to avoid unnecessary loss. According to our Ethereum Classic Price Forecast, the ETC price might face correction in the near term.
Currently, the number of coins being traded have been oversold as per the RSI indicator. On the upside, ETC has the potential to reach up to its immediate resistance $5.01, and if the coin moves downwards, it may face next support around $4.7.
Resistance & Support Levels
R1: $5.01, R2: $5.06 and R3: $5.12
S1: $4.9, S2: $4.84 and S3: $4.79
