Ethereum Classic is one of the most resilient cryptocurrencies in the world. During the cryptocurrency winter, the Ethereum Classic network and the ETC token suffered a great deal. Last year, the Ethereum Classic future prediction was uncertain. This year, the Ethereum Classic price prediction is positive as brighter days are ahead. One reason why the Ethereum Classic network has been able to survive many things including a 50% power consolidation attack is that the Ethereum Classic community is made up of devoted people who truly believe in ETC and aren’t just interested in making a profit. Last month, the Ethereum Classic future prediction was bullish. During the recent bull rally this month, the price of Ethereum Classic (ETC) surged higher against the USD just like many other altcoins. Today’s Ethereum Classic news is about the current price of ETC and the best time to buy Ethereum Classic.
Ethereum Classic Future Prediction – Ethereum Classic Prediction – Ethereum Classic To Hit $7.00?
Ethereum Classic has been getting a lot of positive fundamentals in recent time. A while ago, the Ethereum Foundation donated $150,000 to the Ethereum Classic network. This move to support its big brother was heartwarming. During the same period, there were reports about the Ethereum Foundation and the Ethereum Classic Development Team working on creating an ETH-ETC Peace Bridge. This would be used to represent transactions between chains. Also, ever since the Ethereum Classic on Coinbase romance started, ETC has become one of the favorites of Coinbase. This has also given the network and extra layer of credibility and improved the Ethereum Classic price prediction.
On the Ethereum Classic news today, we are going to talk about how ETC managed to hit the $5.81 level and how it is primed for gains above that level all the way to $7.00 short-term. This is based on the Ethereum Classic price analysis on Bitcoin Exchange Guide.
Ethereum Classic Future Prediction – Ethereum Classic Technical Analysis
The price of Ethereum Classic (ETC) has been above the EMAs since it reached $5.81. The technical indicators show that the next upward move will take the price of Ethereum Classic (ETC) to $7.00. After that, there will be resistances at $8, $10 and $12. Keep in mind that if the price of ETC is to break the support at $5, it will most likely fall lower short-term. New support levels will be at $3 and $1. However, it’s unlikely that this would happen so let’s focus on the positive.
One key factor that will support the price of Ethereum Classic (ETC) at this junction is the price of Bitcoin and the general market sentiment. Bitcoin (BTC) has been enjoying a bullish spree for the last few days. It has found support above $5000 and this appears to be a long-term position. If the price of BTC continues to surge, ETC, and the entire cryptocurrency market will follow. At the time of writing, the price of Ethereum Classic (ETC) on CoinMarketCap was $5.66. This means that it is down by 1.99% against the USD and down by 2.11% against BTC. The trading volume over a 24 hour period is $334,684,171 and the market capitalization is $620,080,671.
What do you think about the Ethereum Classic future prediction and Ethereum Classic prediction today? Is this the best time to buy Ethereum Classic? Share your thoughts in the comment section.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.