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 =$6.8507 change ~ 2.90%

Coin Market Cap

$796.82 Million

24 Hour Volume

$198.66 Million

24 Hour VWAP

$7

24 Hour Change

$0.1988

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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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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