Ethereum Classic receives a strong long-term technical score of 79 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 79% 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.
Trading Analysis
ETC is currently -$4.4400000 (-11.42%) below its 100-day moving average price of $38.910000000 with its current price of $34.470000000. Meanwhile, Ethereum Classic is $25.8100000 (270.94%) above its 52-week low price of $8.660000000 and -$141.69000000 (13.89%) below its 52-week high of $176.160000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 79. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently neutral on the coin.
Ethereum Classic currently has a total market cap of $4,578,872,496.10 to go along with its average daily volume of $5,275,156,275.04 worth of the currency over the past seven days. ETC’s volume is below its seven day average as of the past 24 hours, with 690,683,263.18 exchanged in that period.
Summary
ETC’s historical trading over the past year gives it a a strong long-term technical score of 79 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Ethereum Classic (ETC).
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