ETC USDT Ethereum Classic Technical Analysis

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By Frans van Elst

Ethereum Classic logo In this Ethereum Classic technical analysis, we will examine the current price action, trading volume, key levels and indicators for ETC-USDT. Ethereum Classic (ETC) is a decentralized, open-source blockchain that enables the creation of smart contracts and decentralized applications. With its own native cryptocurrency, ETC, users can securely and transparently execute transactions and manage digital assets on the Ethereum Classic network. As a fork of the original Ethereum blockchain, Ethereum Classic maintains the same core principles of decentralization, security, and scalability that have made Ethereum one of the most popular blockchain platforms in the world.

Ethereum Classic Price Overview:

As of May 10, 2024, Ethereum Classic is trading at approximately 27.55 USDT. Let’s dive into the detailed price action for ETC-USDT:

Consider bearish sentiment for Ethereum Classic (ETCUSDT) at 27.55 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Metric Value
Open (O) 27.65
High (H) 27.82
Low (L) 27.38
Close (C) 27.55
Volume (C) 309,859.90
  • Open (O): The opening price for today’s trading session was approximately 27.65 USDT.
  • High (H): Ethereum Classic reached a daily high of around 27.82 USDT.
  • Low (L): The daily low for ETC-USDT was approximately 27.38 USDT.
  • Close (C): At the time of analysis, Ethereum Classic is trading near its daily close of 27.55 USDT.
Metric Value
1D Change (%) -0.40%
3D Change (%) 1.77%
7D Change (%) 2.45%
30D Change (%) -17.79%
90D Change (%) 6.41%
YTD Change (%) 25.63%

Over the past three days, ETCUSDT has increased by approximately 1.77%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 2.45%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ETCUSDT maintaining a downward trend of approximately -17.79%, despite intermittent fluctuations. Examining the last 90 days, ETCUSDT has witnessed substantial increase of approximately 6.41%, reflecting strong long-term confidence. Year-to-date, ETCUSDT has steadily increased by around 25.63%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Ethereum Classic Live Chart:

You can access a live price chart for ETC-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.52307.
  • Momentum score is 0.05758.

ETC USDT Technical Analysis

Ethereum Classic Trading Volume:

The trading volume for Ethereum Classic (ETC) over the past 24 hours has been insignificant, with approximately 309,859.90 USDT traded against ETC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ETC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Ethereum Classic is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ETC-USDT is currently in the neutral zone, around 48.03617. This suggests that Ethereum Classic is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Ethereum Classic (ETC-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Consider bearish sentiment for Ethereum Classic (ETCUSDT) at 27.55 USDT as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Take your understanding to the next level with our extensive analysis of ETC BTC Ethereum Classic Technical Analysis; if you enjoyed this post, you’re in for a treat!

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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