• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum

    Ethereum Price Prediction: Can ETH breakout of $1600?

    Uniswap price prediction

    Uniswap price prediction: Uniswap to reject further upside at $27

    Dogecoin

    Dogecoin becomes the most popular cryptocurrency

    Digital Yuan

    Biggest digital Yuan trial to be rolled out in Chengdu, China

    Litecoin

    Litecoin Price Prediction: LTC eyeing $200 breakout

    Cyril Ramaphosa

    Is Cyril Ramaphosa leading the crypto adoption drive in South Africa?

    Bitcoin price

    Bitcoin price now above $51,000

    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum

    Ethereum Price Prediction: Can ETH breakout of $1600?

    Uniswap price prediction

    Uniswap price prediction: Uniswap to reject further upside at $27

    Dogecoin

    Dogecoin becomes the most popular cryptocurrency

    Digital Yuan

    Biggest digital Yuan trial to be rolled out in Chengdu, China

    Litecoin

    Litecoin Price Prediction: LTC eyeing $200 breakout

    Cyril Ramaphosa

    Is Cyril Ramaphosa leading the crypto adoption drive in South Africa?

    Bitcoin price

    Bitcoin price now above $51,000

    Bitcoin price prediction Bulls buy the dip to push BTCUSD past $50k

    Bitcoin price prediction: Bulls buy the dip to push BTC/USD past $50k

    Bitcoin price

    Bitcoin price could rally up to $50,000

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Altcoin News

Ethereum Classic price is stabilizing near $7 mark

Taha Farooqui by Taha Farooqui
August 28, 2019
in Altcoin News
3 min read
Ethereum Classic price is stabilizing near $7 mark 1
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Ethereum Classic (ETC) analysis shows that the Ethereum Classic price has been on the high end of the curve. It has performed better than Ethereum (ETH) because of the Atlantis fork that goes live on the mainnet on September 13 while the testnet version is rocking its core.

ETC will be bullish in the long run. The tragedy we face currently is the fact that ETC couldn’t hold the eight ($8) dollars region and currently trades near the seven dollars ($7) mark.

At the time of writing his article, ETC ships out of the market for almost seven dollars ($6.91) and the market cap is at eight hundred and ten million dollars ($810,034,578). The twenty-four-hour volume sums up to be six hundred and sixty-five million dollars ($665,142,120).

RelatedPosts

Uniswap price prediction: Uniswap to reject further upside at $27

Dogecoin becomes the most popular cryptocurrency

Weekly Crypto Price Analysis 1st Mar: BTC, ETH, DOT, UNI, SUSHI

Dash Price Prediction: Dash surges past the $300 mark, could hit $600

Ethereum Classic price is stabilizing near $7 mark 2Ethereum classic price chart by Trading View

ETC bearers should be happy with the outcome of the forking news. It seems that the cryptocurrency is moving in a rising wedge that has a great gradient for bullish action to be confirmed upon.

Speaking of bullish action, the resistance that awaits ETC at eight dollars ($8), nine dollars ($9) and ten dollars ($10) can be quite easily overcome shortly.

However, like all things, the uncertainty with which the future changes remains constant and a volatility kick from the market could trigger a pullback to six dollars ($6.6). Below that we have five dollars ($5), support marks labeled five and a half dollars ($5.5) and below it, at five dollars ($5) respectively.

The odds of a pullback are quite low with the relative strength index running at a smooth seventy (70) mark since its climb from mid-July. The moving average convergence/divergence (MACD) is also bullish and indicates that the market is ripe for the buyers.

Ethereum Classic price – Medium-term outlook:

ETC price seems to be in high spirits as far as the four-hour chart is concerned with seven dollars (%7.6) being the first resistance to be retested by the cryptocurrency.

ETC trading now appears weak as price action meets support on the trend line with a slight break and that could trigger a downfall to the six dollars ($6) territory making it pass through supports at over six and a half, below six and a half and at six dollars ($6.8, $6.4 and $6) itself.

Ethereum Classic price is stabilizing near $7 mark 3Ethereum Classic price chart by Trading View

The short term RSI on the chart is bearish with the MACD dwindling towards the bottom of the graph. We may see a dip, but the overall picture that ETC has sketched out for itself is bullish.

Ethereum Classic price – Short term outlook:

Previously Ethereum Classic price rebounded from seven dollars ($7.69) to six dollars ($6.77) before the bulls decided that letting the coin fall further would be chaotic. While ETC trades below the previous high, the act is considered bearish.

Ethereum Classic price is stabilizing near $7 mark 4Ethereum classic price chart by Trading View

We have ETC price support at over six and a half, below six and a half and six dollars ($6.77, $6.4 and $6). While a couple of resistances in the seven dollars area – ($7.5 and $7.69) – respectively. The bears seem to be running things in the short term with the MACD and the RSI both not performing up to the mark as in the long term scenario.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Uniswap price prediction
Altcoin News

Uniswap price prediction: Uniswap to reject further upside at $27

March 3, 2021
Dogecoin
Altcoin News

Dogecoin becomes the most popular cryptocurrency

March 3, 2021
Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI
Altcoin News

Weekly Crypto Price Analysis 1st Mar: BTC, ETH, DOT, UNI, SUSHI

March 1, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Ethereum

Ethereum Price Prediction: Can ETH breakout of $1600?

March 3, 2021
Uniswap price prediction

Uniswap price prediction: Uniswap to reject further upside at $27

March 3, 2021
Dogecoin

Dogecoin becomes the most popular cryptocurrency

March 3, 2021
Digital Yuan

Biggest digital Yuan trial to be rolled out in Chengdu, China

March 3, 2021
Litecoin

Litecoin Price Prediction: LTC eyeing $200 breakout

March 3, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 5

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.