Ethereum Classic Price Prediction Today: Daily (ETC) Value Forecast – July 16


  • On the upside, if the $5.48 support level holds, the crypto’s price will rise and break the EMAs to reach the bullish trend zone.
  • On the downside, if the bearish trend continues, the coin will depreciate to a low at $5.0.

ETC/USD Medium-term Trend: Bearish

  • Resistance Levels: $9.5, $10.0, $10.5
  • Support levels: $7.5, $7.0, $6.5

Yesterday, July 15, the price of Ethereum Classic was in the downtrend of the bearish trend. The 12-day EMA and the 26-day are trending southward indicating that price is falling. On June 2, the ETC price reached a high of $9.5 but was resisted. The market was on a downward correction to a low at $8.0 price level.

At the $8.0 price level, the bulls resume their upward move and retested the $9.50 resistance level.From the price action, the ETC market has reached the previous low of April 25. On the upside, if the $5.48 support level holds, the crypto’s price will rise and break the EMAs to reach the bullish trend zone.

On the downside, if the bearish trend continues, the coin will depreciate to a low at $5.0. Meanwhile, the ETC market has reached the oversold region of the daily stochastic but below the 20%range. This indicates that price is in a bearish momentum and a sell signal.

ETC/USD Short-term Trend: Ranging

On the 1-hour chart, the ETC price was in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally indicating that price is in a sideways trend. The crypto’s price is characterized by small body candlesticks like the Doji and Spinning tops describing the indecision between the buyers and sellers at the current market price. Meanwhile, the market is in the oversold region of the daily stochastic but above the 20%range. This indicates that price is in a bullish momentum and a buy signal.

Live Ethereum Classic (ETC) Price:

1 ETC/USD =$41.7556 change ~ 38.64%

Coin Market Cap

$0

24 Hour Volume

$3.95 Billion

24 Hour VWAP

$42

24 Hour Change

$16.13

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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