Ethereum Classic Price Prediction: Long-term (ETC) Value Forecast – July 9


  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $9.50 price level.
  • The bulls were resisted again and the price fell to the low of $7.50 price level.

ETC/USD Long-term Trend: Bearish

  • Resistance levels: $10, $10.2, $10.40
  • Support levels: $7.50, $7.0, $6.5

The ETC/USD pair was trading in the bearish trend zone. On June 2, the ETC market reached a high of $9.5 overhead resistance level but was resisted. The ETC market fell and was on a downward correction to the low at $8.0 price level or the 26-day support level. At the support of the 26-day EMA, the bulls resumed its upward move to retest the $9.50 price level. The bulls were resisted again and the price fell to the low of $7.50 price level.

The crypto’s price is below the EMAs which indicate that price may further depreciate. However, the ETC price is now ranging below the EMAs for a possible breakout. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $9.50 price level.

On the downside, if the bulls fail to break the EMAs, the price of ETC will continue its range bound move below the EMAs. Meanwhile, the ETC market has reached the oversold region of the daily stochastic but above the 40%range. This indicates that price is in a bullish momentum and a buy signal.The stochastic is at the oversold region but above the 40% range which indicates that ETC price is in a bullish momentum and a buy signal.

ETC/USD Short-term Trend: Bearish

On the 1-hour chart, the ETC price was in a Bearish trend.  On June 30, the bulls tested the $8.60 resistance level and were resisted. The ETC market had a downward correction to the support level at $ 7.20.Meanwhile, the market is in the oversold region of the daily stochastic but above the 40%range. This indicates that price is in a bullish momentum and a buy signal.

Live Ethereum Classic (ETC) Price:

1 ETC/USD =$141.3152 change ~ 33.19%

Coin Market Cap

$16.44 Billion

24 Hour Volume

$18.56 Billion

24 Hour VWAP

$137

24 Hour Change

$46.91

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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