您现在的位置是:Ethereum Classic (ETC/USD) prediction as the price recovers 4% in a bear market >>正文
Ethereum Classic (ETC/USD) prediction as the price recovers 4% in a bear market
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛2156人已围观
简介Ethereum Classic rose 4% on Wednesday.The cryptocurrency remains trapped by a descending trendline.E...
Ethereum Classic rose 4% on Wednesday.
The cryptocurrency remains trapped by a descending trendline.
ETC could fall to the July lows as technical indicators sound bearish.
Ethereum Classic (ETC/USD) recovered 4% on Wednesday and was among a handful of cryptocurrenciesin the green. Leading tokens, Bitcoin and Ethereum, were mildly bullish at 0.19% and 0.04%, respectively.
Ethereum Classic price has been on a roller coaster for a while. It should be remembered that the cryptocurrency found a high of $45 in August, nearly four times the price from a low of $13 in July. The gains were fueled by the expectations that the Ethereum merge would attract miners to the Proof of Work blockchain. Investors traded the speculation, and when Ethereum shifted to Proof of Stake, ETC fans vanished. The cryptocurrency is now close to the July lows and traded at $16.35 at press time.
There is nothing wrong with Ethereum Classic, though, since it is reeling from the same bear market, affecting peers. If intending to trade the cryptocurrency, it is worth checking the technical levels to see the demand zones. At the moment, we are not there yet.
ETC still trapped by a descending trendline as price eyes July lows
ETC/USD Chart by TradingView
A technical outlook shows that ETC is bearish. The MACD indicator has never moved above the neutral zone since falling into bear territory in mid-September. The cryptocurrency trades along a bearish trendline. There is a clear system of lower highs and lower highs to underline a bear market for ETC.
What could happen next for Ethereum Classic?
Bulls generated some strengths as ETC pricetouched $15. We expect the price to continue surging toward a resistance at $18 or the descending trendline in the short term. Bulls will have to successfully battle and win at this level for ETC to become bullish.
In the more likely bear scenario, ETC sellers will take control at the resistance or the descending trendline. That will see the cryptocurrency trade along the bearish trendline and touch the July lows of $13.
Where to buy ETC
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPublic
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Buy ETC with Public todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/52535.html
相关文章
These adorable Japanese robots are being used for elder care
Ethereum Classic (ETC/USD) prediction as the price recovers 4% in a bear marketBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Dr. Lilli...
阅读更多
Crypto poses a threat to payment systems
Ethereum Classic (ETC/USD) prediction as the price recovers 4% in a bear marketThe CEO of fintech company Starling is the latest name to talk about the threats posed by cryptocurr...
阅读更多
Space startup aims to raise Hubble's orbit using water
Ethereum Classic (ETC/USD) prediction as the price recovers 4% in a bear marketBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Earlier t...
阅读更多
热门文章
- A glittering robot baby ‘walks’ the ramp at a fashion show
- FTX will not cut jobs because they hired 'carefully', CEO says
- Meet Mugatu: A steerable bipedal robot with a single motor
- CZ has never spoken to Do Kwon
- Scientists deploy SMuRFs, army of robots for safe nuclear plant cleanup
- 7 days of consecutive losses push Bitcoin Towards $20000
最新文章
Binance and Huobi recover 121 BTC from Harmony bridge hackers
China unveils new drone tech for GPS
Ethereum drops below $1000 as bears aim for $800
A researcher calls to explore deep waters to hunt for UFOs
Atlendis Labs Announces the Launch of the Atlendis Protocol V1
Crypto Forecasts for 2023: Solana (SOL) and Metacade (MCADE)