- Ethereum Classic price is trading over the significant moving averages, indicating buyers’ domination.
- The current market price of ETC is $25.56 with a gain of 1.79%.
- Ethereum Classic crypto price has declined by 85% from its all-time high.
Since October 2023, the Ethereum Classic (ETC) price has witnessed a slow and steady gain and the price has jumped by 57%. In the second week of January, the Ethereum Classic price surged by 60% in four days but failed to sustain and slowly approximately half of the profits have eroded.
On a wider time frame, the Ethereum Classic crypto price has been in a strong bearish trend but buyers are dominating in the short-term. The ETC price has been negative throughout January and it slipped to the 100-day EMA. Ethereum Classic crypto price formed a hammer candlestick and took a reversal and it was lifted to the $25 mark in a few days.
Our current Ethereum Classic price prediction indicates that the price will increase by 11.04% and reach $28.05 by February 13, 2024. Our technical indicators indicate that the current sentiment is bullish, but the Fear & Greed Index has a score of 66 (Greed). Ethereum Classic recorded 16/30 (53%) green days with 8.40% price volatility over the last 30 days. Our Ethereum Classic forecast indicates that now is the right time to buy Ethereum Classic.
Will ETC Crypto Price Reach 52-Week High by Next Month?
According to the chart analysis, the Ethereum Classis price is rising by defending the past higher lows. Currently, the Ethereum price has taken support on the $22 level and heading toward the last swing high.
The ETC price is on the 20-day EMA, if the price fails to defend the 20-day moving average and slips below the support level of $22, sellers may drag down the price to $19 in the next few days.
On the other hand, if the Ethereum Classis crypto price rises to $30 and sustains, buyers may become interested. Suppose it gives a positive breakout, a buying momentum can be expected. If it forms a bearish candlestick near the resistance level of $30, buyers may lose the momentum which may result in a fall.
Ethereum Classic Price Prediction FAQs
What is the ETC price prediction today?
The Ethereum Classic price is predicted to gain 1.99% to hit $25.69 by today.
What is the ETC price prediction tomorrow?
Based on our analysis, the ETC crypto price is forecasted to extend to $26.11 by tomorrow.
What is the Ethereum Classic price forecast for this week?
According to our analysis, the ETC price is predicted to perform bullishly. The ETC price may consolidate between $24.30 & $28.00 by this week.
What is the current ETC price sentiment?
The current Ethereum Classis price prediction sentiment is bullish.
Conclusion
Based on the analysis and predictions, it seems that the Ethereum Classic (ETC) price is poised for a potential recovery of its past losses. The short-term outlook is bullish, with buyers dominating the market and the price trading over significant moving averages. The ETC price has shown signs of consistent gains, despite facing a strong bearish trend in the wider time frame.
Technical Levels
Resistance levels: $30.00 & $25.60
Support levels: $22.60 & $19.00
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.