- Ethereum classic price is showing a weak upside momentum which can lead it to $100. It has observed a gain of more than 3% in the past 24 hours
- Technical indicators of Ethereum classic highlights a weak trend in price . In contrast, ETC/BTC pair has observed a loss of more than 0.8% in the intraday session
ETC coin price is showing weak signs for a positive breakout in price and can reach $100 in the future. Ethereum classic price has seen a gain of more than 3% in the intraday session and is trading near the value of $70. ETC price is trailing above the 50 and 100 Daily Moving Average, with a positive crossover in the recent trading session. The positive crossover can act as a positive reinforcement for the price to reach a new high. The 100MA line is near the value of $56 making it a temporary support zone for the price. The ETC /BTC pair can also see a new high being formed in the future. One can invest in ETC according to their funds and price action scenario.
ETC coin market dominance along with the market cap and volume has remained stagnant for the past few days. The asset price is down by more than 60% from it’s all time high. Volume to market ratio of ETC suggests a strong upside momentum for the future.
ETC Coin Price Technical Indicators Suggests A Consolidated Momentum In Price
The weekly technical chart of the ETC price suggests a weak bullish rally for the future.On the daily chart Ethereum classic is in a consolidated mode. Resistance for the ETC while going upwards may face hostility near the value of $80.
On the downside, a bounce back in Ethereum Classic can be seen near $50. There is a formation of a strong supply zone on the daily chart. If the price breaks 15 to 20% above the current level then a strong bullish trend can be seen. The price of the coin can soon see a breakout above $100. ETC/BTC pair can also observe a strong bullish trend in the upcoming months.
ETC coin price is currently observing a consolidated trend on the daily chart and can soon see a breakout above the $70. The rally of the coin can push the price above $100. ETC/BTC pairs also strength to reach new highs.