Ethereum Classic receives a weak long-term technical score of 32 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, ETC holds a superior long-term technical analysis score than 32% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
Trading Analysis
ETC is currently -$18.7800000 (-40.42%) below its 100-day moving average price of $46.470000000 with its current price of $27.690000000. Meanwhile, Ethereum Classic is $21.3500000 (263.43%) above its 52-week low price of $6.340000000 and -$148.47000000 (10.04%) below its 52-week high of $176.160000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 32. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently bearish on the coin.
Ethereum Classic has a total market value of $3,660,510,543.45 with an high average daily volume of $2,052,927,722.35 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ETC’s volume is below its average with $307,661,976.81 exchanged in total.
Summary
Trading patterns over the last year for Ethereum Classic leads to the coin’s a weak long-term technical score of 32 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin.
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