Ethereum Classic (ETC) Price Prediction – September 7
The upward swinging motion in the ETC/USD market has advanced into letting the crypto economy ranges at a high spot. Buying and selling activities have been between a low and a high of $12.60 and $45.51 in the last ninety days. The price is currently around $34.90 at an average rate of 1.45 percent positively.
Ethereum Classic Price Statistics:
ETC price now – $34.90
ETC market cap – 4.8 billion
ETC circulating supply – 136.8 million
ETC total supply – 210.7 million
Coinmarketcap ranking – #19
ETC /USD Market
Key Levels:
Resistance levels: $50, $60, $70
Support levels: $30, $25, $20
ETC/USD – Daily Chart
The daily chart reveals the Ethereum Classic market operation ranges at a high spot marked by the horizontal line drawn. The 14-day SMA indicator is at $34.39 above the $30.21 value line of the 50-day SMA indicator. The bigger trading SMA and the horizontal are found around the same line to affirm the validity of a base point. The Stochastic Oscillators have relatively swerved northbound to appear at 59.53 and 64.14 range values.
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Should the ETC/USD buyers base their buying entry closely over the horizontal line?
It would be technically wise for the ETC/USD market buyers to base their buying entry closely over the horizontal line drawn alongside the 50-day SMA indicator. The key support level is at $30, serving as a critical level against getting sustainable downs further. To relieve long-position placers of strenuous efforts of getting the time price may rebound from the horizontal line drawn, buy limit order can be opened around the value line.
On the downside of the technical analysis, the ETC/USD market sellers may also continue to look out for a trading situation where the price tends to swing between $40 and $50 for a retest or rejection before considering launching a selling order afterward. As of the time of writing, the crypto-economic price stands the risk of downsizing its valuation under the resistance level at the smaller value point.
ETC/BTC Price Analysis
Ethereum Classic’s trending capability against Bitcoin has been making efforts to push northward. The cryptocurrency pair price ranges at a high spot around the trend line of the smaller SMA. The 14-day SMA indicator is above the 50-day SMA indicator. The Stochastic Oscillators are at 55.40 and 64.28 range values. Yesterday’s bearish candlestick has signaled the possibility of the base crypto losing stances to its counter-trading crypto.
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