The Ethereum Classic price prediction shows that ETC moves to the upside as any close above the $20 price mark is expected.
Ethereum Classic Prediction Statistics Data:
- Ethereum Classic price now – $16.48
- Ethereum Classic market cap – $2.2 billion
- Ethereum Classic circulating supply – 138.4 million
- Ethereum Classic total supply – 210.7 million
- Ethereum Classic Coinmarketcap ranking – #25
Resistance levels: $24, $26, $28
Support levels: $10, $8, $6
ETC/USD is seen trading at $16.48 after recording an intraday high at $16.75 during the European session today. Looking at the daily chart, Ethereum Classic (ETC) is heading toward the 9-day and 21-day moving averages, which could hit the nearest resistance level of $17.
Ethereum Classic Price Prediction: Would ETC Price Spike to the Upside?
According to the daily chart, the Ethereum Classic price is currently hovering at the $16.48 level. In the meantime, the Ethereum Classic price may cross above the 9-day and 21-day moving averages to touch the nearest resistance at $17. Therefore, the Ethereum Classic price may begin to do well and the price could hit the resistance levels at $24, $26, and $28 respectively.
However, should the market price decide to make a quick turn to the south, there could be a bearish move towards the lower boundary of the channel and this may likely roll the market down to the support levels of $10, $8, and $6 as the Relative Strength Index (14) recovers from the oversold region.
Against Bitcoin, as the red line of the 9-day MA remains below the green line of the 21-day MA, the market price may focus on the downward movement within the channel. However, ETC/BTC is likely to cross above the 9-day moving average, currently trading at 985 SAT, if the coin crosses above the upper boundary of the channel, the next key resistance may come at 1300 SAT and above.
On the downside, if the sellers step back into the market, a possible bearish movement may likely come into play, which could bring the coin to the support level of 750 SAT and below. Meanwhile, the market price is trading bullishly at the moment as the Relative Strength Index (14) indicator recovers from the oversold region, suggesting a bullish movement.
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