Ethereum Classic (ETC) Up 0.97% Saturday: What

Ethereum Classic (ETC) Up 0.97% Saturday: What

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Saturday, January 27, 2024 10:15 AM | InvestorsObserver Analysts

Ethereum Classic (ETC) Up 0.97% Saturday: What's Next?

Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has gained 0.97% to $23.97.

volatility - 29

InvestorsObserver is giving Ethereum Classic a 29 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Moderately Volatile

InvestorsObserver gives Ethereum Classic a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ETC’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Ethereum Classic price is trading near resistance. With support around $23.08 and resistance near $24.23. This leaves Ethereum Classic with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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