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29 March 2024
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Ethereum Classic Price Analysis: Will ETC Coin Price Observe A Rally To $100 In New Year?

  • ETC coin price is currently seeing a consolidated trend and can soon see a bounceback to a new high. The asset has been observing an upside trend of 2%.
  • Technical indicators of Ethereum Classic hints towards a consolidated momentum for the future. In contrast, ETC/BTC pair might also see pushback to a new high.

ETC coin price has been observing a consolidation near its major consolidation level and can soon see a push back to a new high. Ethereum’s classic price is currently hovering around the value of $37 and has seen a jump of more than 1.8%. The asset price consolidation may soon see a push to a new high. It has a very high ROI and may soon jump to $100 in the future. One can invest in ETC as per their needs and risk adversity.

Ethereum classic has been in a slump for a long time but can soon see a recovery to previous levels. Its market dominance along with CMC ranking might see a push to a new high in the future. The volume of the coin has also been seeing loss and can soon see a strong pattern in the future. The volume to market cap ratio of the coin hints towards a consolidated trend in price. One can forecast strong upside momentum which may push the asset to a new high.

ETC Coin Price Technical Indicators Hints Towards A Further Move

Source: Trading view

The weekly technical chart of the ETC coin price has been seeing a consolidated move. Ethereum’s classic price on the daily chart is looking to jump beyond $50. The upside momentum of ETC may see a setback near $45. In contrast, the bounceback zone of the coin can be found at around $30. On coming to the daily chart the coin has been fluctuating near its 20 DMA. If the asset price sees a momentum to a new high then a new high to a new high can be seen. ETC/BTC pair can also see the move to a new high in the future.

Conclusion

ETC coin price has been seeing a consolidated move and can soon see a new high in the future. ETC/BTC pair might also see a new high in the upcoming days. One should do their due diligence before investing in the Ethereum classic.

Technical Levels

Major Resistance: $50

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Major Support: $30

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