- The volume/market cap ratio of ETC coin is 0.06.
- The total number of ETC coins till today is 139,499,035 ETC.
The native token of Ethereum Classic is ETC. Since its inception, Ethereum Classic has aimed to establish distinct characteristics from Ethereum. Over time, the technical roadmaps of the two networks have increasingly diverged from each other.
Financial Data of ETC Coin
The ETC coin is trading at $8.7, and the price declined by -3.9% in today’s market session.
The coin has a total circulating supply of 144 Million and a volume/market cap ratio of 0.06. The total volume of ETC is $289 Million and in the last 24 hours, it rose by over 21.8%.
The ETC crypto has shown an increment of over 20% in the last month and for three months, it has shown a rise of 22.19%.
Ethereum Classic Technical Analysis
The ETC coin reached a high of $175 in May 2021 and immediately after this price declined by over 90%. However, the price found support at the $13.86 level and the downtrend reversed. The ETC coin recovered over 50% after hitting the support level.
Presently, the coin is moving inside the ascending triangle pattern and the price is trading near the resistance level of $20.75. If the price breaks above this level, a further upmove can be seen in the upcoming days.
Technical Indicators Summary:
The MACD line for the ETC coin is trading above the signal line and the formation of a green histogram is easily identifiable. This is considered a positive sign.
The RSI line is currently trading at the 53 level and the SMA line is near the 45 level. The RSI is above the SMA line, this placement is considered as a positive signal, and the price is expected to show bullishness in the upcoming days.
Conclusion
As per analysis, the ETC coin is near the resistance level. The overall factors are indicating an upward movement and the coin has shown a positive return in the previous months. The indicators are also positive for the coin. Hence, the price is expected to rise in the future if it breaks above the resistance level.
Technical Levels
- Support Levels: $13.86 and 6.97
- Resistance Levels: $23.87 and $27.85
Disclaimer
The views and opinions of the author, or anyone else in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.