Ethereum Classic [ETC] Technical Analysis and Price Prediction 2018, 2020
The crypto market fails to recover from yesterday’s puzzling drop. Most coins are registering losses while the total market cap shows a $16 billion drop today. The market seems to be plunging deeper amidst the severe bear storm and charts indicate that panic selling is flushing out buyers. Ethereum Classic [ETC] is currently testing support at $11.283 and seems to be rising against the popular trend.
The ETC prices are on its way to a price rise. It has found strong footing at $11.283 and is aiming to break out from the 100 EMA line trading at $12.6674. The MACD shows a bearish momentum. The current resistance level is found at $12.56. The prices are eyeing the $12 handle. The coin is currently trading at $11.972 and is losing against USD by 0.12%.
At the time of writing, the coin had gained 3.46% against BTC. Currently, one ETC is equivalent to around 0.001837 BTC.
Ethereum Classic [ETC] Price Prediction 2018, 2020
- According to Smartereum, experts believe the coin could trade at around $65 by the end of the year. In five years, the virtual currency is expected to be valued at $171.
- Longforecast expects the digital asset to end the year trading at $11. By the end of 2020, the coin is expected to reach around $32.
Ethereum Classic [ETC] Latest Updates
BTC.com, backed by the world’s top crypto mining firm Bitmain Technologies, said that it will now support Ethereum [ETH] and Ethereum Classic [ETC]. BTC.com, a mining pool, will also offer an Ethereum block explorer and APU. The new mining client will be available through the pool.btc.com portal. Users will be able to shift their hashing power from one pool to the other to boost profitability.
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