Ethereum Classic prediction is still bullish irrespective of the recent downturn that affected the entire market. The fall in the price of Bitcoin and other cryptocurrencies also affected Ethereum Classic as many traders started wondering what was responsible for the market-wide sell-off. The drop in the price of cryptocurrencies was part of a market correction and the price of Ethereum Classic is now moving higher against the USD and BTC. In our previous Ethereum Classic news, our Ethereum Classic price prediction was bullish. We said that the price of Ethereum Classic was being influenced by a number of variables including the Coinbase Ethereum Classic listing that increased the confidence investors have in ETC.
Ethereum Classic Prediction – Ethereum Classic Price Prediction – Ethereum Classic News Today
According to an Ethereum Classic price analysis on Bitcoin Exchange Guide, the price of Ethereum Classic is currently trading below the 12-day and 26-day EMA. This shows that there is still room for lower lows against the USD. If the bears resume control of the market, the price of Ethereum Classic will fall into the $4.50 to $5.0 range. There is already strong support at $5, $3, and $1. On the upside, however, there isn’t any nearby resistance level. If the Ethereum Classic bulls continue to dominate the market, the price of ETC will find resistance at $8, $10, and $12.
Right now, the Ethereum Classic to USD trading pair has bullish pressure as the bears seem to have run out of steam. So, an upward move is more likely than a downward fall. Even if the price of Ethereum Classic is down within the past seven days, it is important to note that the Ethereum Classic price is up within the month. In the beginning of the month, one unit of ETC cost $4.90. At the time of writing, however, one Ethereum Classic cost$5.47. This means that it is up by 1.35% against the USD and up by 1.84% against the price of BTC. The trading volume over a 24 hour period is $382,627,739 and the market capitalization is $601,696,563. Since the beginning of the month, the market capitalization of Ethereum Classic has increased by more than 13.87%.
Ethereum Classic Price Prediction – Ethereum Classic Prediction – What Are The Odds Of An ETC Bull Run Above $8
During the Ethereum Classic bull run on the 7th of April, the price of ETC moved as high as $8.08 against the USD. It briefly formed support at $8 before the bear grip intensified and the price fell below that $8 level again. Since that time, the $8 level has acted as strong resistance. The price of Ethereum Classic hasn’t even come close to that level talkless of crossing it.
Ethereum Classic (ETC) Price Today – ETC / USD
There is currently a major buy signal as indicated by the stochastic oscillator which is at the oversold region above the 20% range. Our Ethereum Classic price prediction is that the price of ETC is most likely going to hit the resistance at $8 and move above it in May. So, it may be a good idea to follow the buy signal.
What do you think about the Ethereum Classic prediction in our Ethereum Classic news today? Will Ethereum Classic price cross the resistance at $8.