Ethereum Classic receives an average long-term technical score of 62 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 62% 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
Ethereum Classic’s price is -$10.3700000 (-36.20%) below its 100-day moving average price of $28.640000000 as its price at the moment sits at $18.270000000. Additionally, ETC is $5.6800000 (57.73%) higher than its 52-week low price of $12.600000000 while -$35.05000000 (15.51%) under its 52-week high of $53.320000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ETC an average long-term technical score of 62. Long-term trading movement of Ethereum Classic suggest that investors are neutral on the coin at the moment.
Ethereum Classic has a market capitalization of $2,521,102,497.02 and a relatively high average daily volume with $665,033,617.04 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ETC’s volume is below its seven day average with 259,016,900.56 exchanged.
Summary
ETC’s historical trading over the past year gives it a an average long-term technical score of 62 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).
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
This news is republished from another source. You can check the original article here
