Ethereum Classic Price Faces Resistance, May Retest $7 And Move To $7.80 Near-term If Price Action Becomes Positive

Ethereum Classic prediction today is bullish even if Ethereum Classic (ETC) has been trading sideways for some days now. There have been range price movements short-term. There is still some bearish pressure at the moment but the Ethereum Classic (ETC) token is expected to overcome it soon. If the price of Ethereum Classic successfully breaks the 50-day simple moving average, a bullish wave would take the price of ETC as high as $7 and even higher according to the Ethereum Classic price analysis on bitcoinexchangeguide.com.

Ethereum Classic Prediction – Ethereum Classic Price Prediction 2019 – Ethereum Classic Price Forecast – ETC Set To Break Above $7

The Ethereum Classic to USD trading pair has been bullish for the past few days in line with the rest of the market. However, yesterday, when the market attempted a correction, the price improved briefly before it started trading bearish again today. The support levels are currently at $4.50, $5, and $5.50 while the resistance levels are at $7, $7.50 and $8. Right now, the price of Ethereum Classic (ETC) is within the $6 – $6.50 range.

On the 14th of April, it seemed like the market was heading for an upside rally but things changed because the bulls were unable to gather the momentum required to surge higher against the USD. The Ethereum Classic prediction long-term isn’t affected by the current price of the token as short-term bearish movements are not uncommon in any market. At the time of writing, the price of Ethereum Classic on was $6.19. This means that it is down by 2.96% against the USD and down by 1.82% against the price of BTC. The trading volume over a 24 hour period is $399,677,998 and the market capitalization is $679,660,170.

Ethereum Classic (ETC) Price Today – ETC / USD

NamePrice
bitcoin
Bitcoin
$7,685.18-5.28%
ethereum-classic
Ethereum Classic
$4.21-3.73%

The return of the bulls will be confirmed only after they break out of the 50-day simple moving average. Hopefully, before the end of the week, the price of Ethereum Classic will hit $6.20 and aim higher. This would mean that the bulls have taken control of the market and the price of Ethereum Classic will aim for higher highs all the way to the resistance at $7 and $7.80.

What do you think about the Ethereum Classic prediction today? Will Ethereum Classic (ETC) go as high as $7.80 Near-term? Share your thoughts in the comment section.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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