Should You Buy Ethereum Classic (ETC) Monday?

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Monday, January 16, 2023 04:31 PM | InvestorsObserver Analysts

InvestorsObserver gives Ethereum Classic a strong long-term technical score of 90 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. ETC at this time has a superior long-term technical analysis score than 90% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Trading Analysis

ETC is currently $1.4700000 (7.20%) above its 100-day moving average price of $20.460000000 with its current price of $21.930000000. Meanwhile, Ethereum Classic is $9.3300000 (86.77%) above its 52-week low price of $12.600000000 and -$30.24000000 (22.87%) below its 52-week high of $52.170000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 90. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently neutral on the coin. Ethereum Classic has a total market value of $3,045,602,925.74 with an high average daily volume of $2,144,740,924.15 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 $230,878,041.79 exchanged in total.

Summary

ETC’s historical trading over the past year gives it a a strong long-term technical score of 90 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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