Ethereum Classic Price Analysis: Ethereum Classic (ETC) drops on the intraday chart; downtrend scares the intraday traders

Ethereum Classic Price Analysis: Ethereum Classic (ETC) drops on the intraday chart; downtrend scares the intraday traders

Ethereum Classic deals around $7.16. The drop reflects a moderate effect on the coin. Ethereum Classic (ETC) seems to get bit by the bea

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  • Ethereum Classic deals around $7.16.
  • The drop reflects a moderate effect on the coin.

Ethereum Classic (ETC) seems to get bit by the bear. The coin has shown a remarkable move on the price chart in the last couple of day. There was a time when the coin was escalating, but the entire market, including Bitcoin, Ethereum, etc was falling down. However, the coin has fallen on today’s chart.

The coin was seen touching a high at $7.45 and a low at $7.08 on yesterday’s chart. The coin holds not much expectation today but would improve in the coming days. The volume marked in the coin on 26th August 2019 was $840,730,995.

ETC/ USD Price Comparison:

The chart is taken from Trading View on 27th August 2019, at UTC for price analysis.

Yesterday, the coin opened with an escalation of 2.47%. The coin changed the price counters from $7.150 to $7.327. Later, the coin again moved up from $7.2 to $7.4 by 2.77%. The coin couldn’t hold itself at the level and fell in the second half of the day and touched $7.2 again. However, the coin managed to close at $7.3 with an escalation of 2.30%. Today, the coin opened with a fall. The price slipped from $7.3 to $7.1 by 2.14%. Further, the coin slipped from $7.2 to $7.1 by 1.14%.

Current Statistics of Ethereum Classic:

Particulars Ethereum Classic
Price $7.18 
ROI 854.22%
Rank 16
Market Cap $811,316,857 
24hr Volume $706,718,063 
Circulating Supply 113,012,723 ETC
Total Supply 113,012,723 ETC

Ethereum Classic Price Prediction:

Ethereum Classic holds a high possibility of climbing up on the chart in the coming time. We believe that in the coming years, the coin might be seen hovering around $15. However, due to the heavy fall in the third quarter, we are anticipating that the coin might close the year around $9 or $10.

Conclusion:

The traders interested in the coin are suggested to go plan for a long term investment in Ethereum Classic. The coin holds a great future ahead. The short term investment wouldn’t give the expected result. The investors are expected to earn a colossal profit in the future.