By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Ethereum Classic Muffled In Last 2 Months – Will ETC Recover?
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > crypto > Ethereum Classic Muffled In Last 2 Months – Will ETC Recover?
crypto

Ethereum Classic Muffled In Last 2 Months – Will ETC Recover?

admin Published October 15, 2022
Last updated: 2022/10/15 at 7:40 PM
Share
SHARE

[ad_1]

There was a 5% loss in value for ETC over the past day. The Ethereum Classic coin has continued its fall on longer time frames since the July spike.

Contents
Ethereum Classic: Technical AnalysisETC: Possible Recuperation?

Ethereum Classic bears were unable to withstand the selling pressure after the fork attempted to maintain a price above the $27 support line.

As of this writing, ETC is trading at $23.08, down 16 percent in the last seven days, data by Coingecko show, Saturday.

Although Proof-of-Stake has rendered Ethereum’s mining obsolete, renewed interest in the coin has resulted from the Merge. The day the Merge was made public, the hashrate increased as a result.

However, ETC’s long-term prospects remain bleak as weekly, biweekly, and monthly time periods are all in the red.

The present value of 0.80 between Ethereum and its hard fork indicates that Ethereum Classic will enthusiastically follow wherever ETH goes. The data points to a positive expansion.

Ethereum Classic: Technical Analysis

From September 19 to now, ETC has fluctuated in price between $20.73 and $31.13. The coin’s current moving average (CMF) is currently -0.09, which indicates that bears are gaining dominance.

Nonetheless, the Stoch RSI is in the oversold region, which represents an excellent buying opportunity for investors and traders.

The increasing ascent of the bull-bear power indicator suggests a likely trend reversal. However, the Bollinger band’s central line is exerting greater downward pressure on the coin.

The 20-day to 100-day exponential moving averages (EMAs) also operate as dynamic barrier for the token, making a rebound conceivable.

ETC: Possible Recuperation?

Although it will be tough to produce a price reversal, bulls can yet defend the $23 support level. This will serve as a springboard for them to try the $27 resistance level. Traders and investors can also utilize the Stoch RSI numbers.

As previously stated, the Stoch RSI is in the oversold bottom half. This indicates that the coin is now undervalued and extremely inexpensive to purchase. Speculators and investors can purchase ETC at the current market price with a loss stop of $18.76.

However, this carries considerable risk because other indicators hint to a short- and long-term pessimistic outlook for ETC. But if the bulls can maintain the $23 support line, October will be an excellent starting place for a further rise to $29.71. We anticipate a strong bearish or bullish price movement in the following days and weeks.

ETC total market cap at $3.17 billion on the daily chart | Featured image from Investing.com, Chart: TradingView.com
Disclaimer: The analysis represents the author's personal views and should not be construed as investment advice.

[ad_2]

You Might Also Like

How to earn bitcoins fast

How to Tell If a Cryptocurrency is a Scam or Not

Tips to Avoid Losing In Cryptocurrency Trading

How to Sell Products Online with Bitcoins – The Ultimate Guide

Get a Cryptocurrency Trader Certification to Get Ready For The Big Game!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin October 15, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Are CFOs OK? (Answer: Yes, but CEOs? That’s complicated)
Next Article An Apple Store in Oklahoma City votes to unionize

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

earn bitcoins fast
crypto

How to earn bitcoins fast

4 Min Read
Cryptocurrency is a Scam or Not
crypto

How to Tell If a Cryptocurrency is a Scam or Not

8 Min Read
Losing In Cryptocurrency Trading
crypto

Tips to Avoid Losing In Cryptocurrency Trading

6 Min Read
Sell Products Online with Bitcoins
crypto

How to Sell Products Online with Bitcoins – The Ultimate Guide

5 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?