Ethereum Classic (ETC) Price Prediction 2024: ETC to Rise by 8.06%

ETC price is expected to rise by 8.06% in the next 5 days according to our Ethereum Classic price prediction

ETC price will increase by 8.06% in the next 5 days according to our Ethereum Classic price prediction

it is currently trading at $19.69 after gaining 3.12% in the last 24 hours. The coin has outperformed the cryptocurrency market as the total crypto market cap increased by 3.09% in the same time frame. ETC performed well against BTC today, registering a 3.23% gain against the world's largest cryptocurrency.

According to our Ethereum Classic price prediction, ETC is expected to reach $21.14 by October 24, 2024. This would mean a price increase of 8.06% for ETC in the next 5 days.

ETC Price Forecast Chart

Buy/Sell Ethereum Classic

What happened to Ethereum Classic in the last 30 days

Ethereum Classic has been trending positively lately, as the coin has gained 4.28% in the last 30 days. The medium-term trend for Ethereum Classic has been bearish, with ETC down -.41 over the last 3 months. The long-term picture for Ethereum Classic has been positive, as ETC currently shows a 1-year price change of 16 ). On this day last year, ETC was trading at $15.25.

Ethereum Classic reached its all-time high price on May 06, 2021, when the ETC price rose to $165.75. The current ETC cycle high price is $45.11 while the cycle low price is $12.63. Recently ETC has shown low volatility – the coin has 1-month volatility at 3.42%. Ethereum Classic recorded 16 green days in the last 30 days.

Ether Classic technical analysis for today, October 19, 2024

Sentiment in the Ethereum Classic markets is currently Neutral with the Fear and Greed index showing Greed. The most important support levels to watch are $19.04, $18.84, and $18.73, while $19.35, $19.46, and $19.66 are key resistance levels.

Neutral sentiment for Ethereum Classic

16 indicators are currently signaling a bullish forecast for Ethereum Classic, while 12 indicators are showing a bearish forecast. W of the indicators favors a positive forecast. This results in an overall Neutral sentiment for Ethereum Classic.

The crypto market is experiencing Greed right now

Currently the Fear and Greed index is at 72 (Greed), which shows that investors have a positive outlook on the market. The Fear and Greed index is a measure of sentiment among cryptocurrency investors. A "Greed" reading indicates that investors are currently optimistic about the cryptocurrency market, but it can also be an indication that the market is overvalued. A "Fear" reading, on the other hand, indicates that investors are currently hesitant about the cryptocurrency market, potentially a buying opportunity.

Ethereum Classic moving averages and oscillators

Let's take a look at what some of the most important technical indicators are signaling. We will examine key moving averages and oscillators, which will give us a better idea of ​​how Ethereum Classic is currently positioned in the market.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI for Ethereum Classic is 14.50.33, indicating that ETC is currently neutral.

50-day Simple Moving Average

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