您现在的位置是:Ethereum Classic (ETC) struggles to report any bullish rise >>正文
Ethereum Classic (ETC) struggles to report any bullish rise
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6597人已围观
简介The crypto market has in general been very risk-averse. Even though we have seen loads of volatility...
The crypto market has in general been very risk-averse. Even though we have seen loads of volatility, the general trend in the market has remained bearish. Ethereum Classic (ETC)is one of those coins that have been affected by this, and it seems the coin has very little bullish momentum right now. Here are some highlights:
ETC has managed to keep price action above the $25 support for now.
The token is currently trading at $26.56, virtually unchanged in the last 24 hours.
Despite this, ETC remains highly vulnerable to selling pressure.
Data Source: Tradingview
Ethereum Classic (ETC) – Where does the price go?
A look at the price action over the last few days suggests that ETC is trading within a symmetrical triangle. This means that the coin is oscillating between support and resistance in almost the same breath. So, even if ETC was somehow able to build an upward trajectory, the coin would likely pull back at $28 and return to the $25 support.
This is why we feel there is very little bullish momentum right now. But even with this symmetrical triangle, ETC still remains highly vulnerable to selling pressure. In fact, with current market volatility, it will be highly unreasonable to expect ETC to hold the $25 support in the days ahead. As a result, we believe that the only way the symmetrical triangle breaks is if ETC goes on a downtrend.
Why buy Ethereum Classic anyway?
It's always hard for most investors to buy coins that appear to have plateaued or those that don’t seem to have enough upward momentum. But at the end of the day, the long-term outlook is what really matters for crypto investors.
While right now, Ethereum Classic (ETC) appears to be struggling with bullish momentum, in the medium and longer-term, the coin will still deliver value for investors.
Tags:
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/76959.html
相关文章
Majority of the crypto coins are off to a slow start on Monday
Ethereum Classic (ETC) struggles to report any bullish riseTop crypto assets are down by between 2% and 5% over the last 24 hours.At the time of press, Bitcoin...
阅读更多
Digital Fantasy Sports to go public in US
Ethereum Classic (ETC) struggles to report any bullish riseThe Digital Fantasy Sports (DFS) project has announced that the company will be available on the US...
阅读更多
Binance Coin explodes 54% as bulls target $300
Ethereum Classic (ETC) struggles to report any bullish riseBNB is now the 3rd largest cryptocurrency after soaring 54% to reach a new all-time high of $283Bina...
阅读更多
热门文章
- How ESA's Gaia telescope and stellar music help astronomers measure the universe
- Decentraland (MANA) rallies nearly 70% from January lows
- Nikon, Sony and Canon join forces to combat AI
- BTC maintains its price above $21k
- China: World's largest high
- Public protocol Internet Company to integrate Bitcoin and Ethereum
最新文章
Shiba Inu (SHIB) vs Baby Dogecoin (BABYDOGE): The profitable meme coin
Polkadot vs Kusama: Which one is a better buy?
Everything you need to know about India’s newest crypto sensation GARI
Binance SC Becomes Contender to Supplant Ethereum
Binance won’t offer stock trading services, says CZ
Dogecoin prediction as most altcoins sink amid bearish pressure