Ethereum Classic Price Analysis: The Value of Ethereum Classic (ETC) Just Broke Its Resistance at $17

The second quarter of this year has not really been friendly with digital currencies. Even the top digital currencies in the market were affected by the swings in prices. As a result of this, Bitcoin (BTC) – the most valuable digital currency in the market has lost more than 40 percent of its value. This trend went across the market, and Ethereum Classic is not left out.

Ethereum Classic (ETC) Price Today

Name Price24H (%)
Bitcoin (BTC)
$7,973.00
-0.97%
Ethereum Classic (ETC)
$7.19
-0.92%

The Price Trend of Ethereum Classic

In January this year, the value of the digital currency went has high as $45 – which is its all-time high. Somewhere in February, the value of the coin dropped to $17. It was able to find its way to the $23 mark in May, but it later plunged to $13.70 a couple of weeks after.

The Recovery of Ethereum Classic

Over the past couple of weeks, the digital currency has shown some improvements, and it has been able to secure more partnerships and improve its market performance. The bulls in the market have helped to push the value of the coin over its major resistance level at $17.

The Current Value of Ethereum Classic (ETC)

At the time of writing, the digital currency is still holding the number 16th position on the list of top digital currencies. The coin is trading at $17.02 after an increase of 11 percent in the last twenty-four hours. The market cap of Ethereum Classic is $1.6 billion with a total trading volume of $407.32 million in the last twenty-four hours.

The Latest Developments in Ethereum Classic (ETC)

The recent hike in the value of the coin was due to its new listing on one of the most popular digital currency trading platforms in the world – Coinbase. Coinbase recently added ETC to its platform, and this news has helped to increase the value of the coin. Binance – another top digital currency trading platform – also announced to add ETC to its platform, and this could further increase the value of the coin.

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