The Ethereum Classic price prediction is likely to break above the $0.40 resistance level as the coin hits its all-time high.
Ethereum Classic prediction statistical data:
- Ethereum Classic price now – $39.8
- Ethereum Classic market cap – $5.2 billion
- Ethereum Classic circulating supply – 136.0 million
- Total supply of Ethereum Classic – 210.7 million
- Ethereum Classic Coinmarketcap Ranking – #19
ETC/USD market
Key levels:
Resistance levels: $50, $55, $60
Support Levels: $25, $20, $15
ETC/USD is seen as refreshing to a new high as the coin climbs higher to trade near the $42 resistance level. However, the coin is currently trading at $38.9 with a bullish move towards the upper boundary of the channel. Meanwhile, if the coin breaks below the 9-day and 21-day moving averages, sellers may attempt to re-enter the market, but bulls are likely to reap more on price declines.
Ethereum Classic Price Prediction: Ethereum Classic Price Ready To Gain More
The Ethereum Classic Price can only sustain the uptrend if the newly hit $41.2 resistance level is held at all costs. At the time of writing, the Relative Strength index (14) technical indicator is in the overbought zone to create more bullish signals in the market, which could encourage more buyers to enter the market. However, Ethereum Classic (ETC) may continue to maintain an uptrend as soon as the coin crosses the upper boundary of the channel.
Nevertheless, as long as the red 9-day MA line remains above the green 21-day MA line, the coin can continue to perform well and the price of Ethereum Classic can reach the resistance levels at 50 $, $55 and $60 respectively. Meanwhile, if the technical indicator decides to make a quick turn below the moving averages, there may be a slight bearish dip that could push the market down to the support levels of $25, $20, and $15 respectively.
Against Bitcoin, the Ethereum Classic price is hovering above the 9-day and 21-day moving averages as the price touches the daily high at 1721 SAT. However, the Relative Strength Index (14) technical indicator remains in the overbought region as the coin targets more uptrends.
Also, as seen on the daily chart, the potential resistance level is at 2000 SAT and above, but a sustained move lower could likely undo the bullish pattern that could attract new sellers entering the market with the next focus on the support level of 1200. SAT and below.
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