Should You Sell Ethereum Classic (ETC) Wednesday?
Ethereum Classic receives an average long-term technical score of 36 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, ETC holds a superior long-term technical analysis score than 36% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
The current trading price of $24.140000000 for ETC is -$6.1900000 (-20.40%) below the coins 100-day moving average of $30.330000000. ETC meanwhile is $11.5500000 (104.36%) above its 52-week low of $12.600000000 and -$40.80000000 (21.78%) under its 52-week high price of $64.940000000. Ethereum Classic’s current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 36. The price movement and range of ETC suggest that investors are bearish on the coin at this time.
Ethereum Classic has a total market value of $3,315,916,616.68 with an high average daily volume of $2,744,171,849.57 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ETC’s volume is below its average with $356,683,242.69 exchanged in total.
Technical analysis of Ethereum Classic over the past year results in the crypto receiving a an average long-term technical score of 36 as its price movement in that time has given traders reason to be bearish on the coin in the long-term.
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