Ethereum Classic is a cryptocurrency that was created in 2016 when the original Ethereum blockchain was split by some of its community members. The price of ETC has been on a steady rise since its creation and it seems to be getting closer to $70 soon.
The ethereum classic price prediction end of 2021 is a question that has been asked many times. Will ETC hit $70 soon?
- The range of bullish ETC price predictions is $54 to $67.
- The price of ETC may potentially hit $70 in the near future.
- The pessimistic market price forecast for ETC is $37 in 2021.
We utilize data, price patterns, RSI, and other information about Ethereum Classic (ETC) to evaluate the cryptocurrency’s future movement in Ethereum Classic (ETC) price forecast 2021.
Ethereum Classic (ETC) is a distributed cryptocurrency platform that executes smart contracts and is open-source, decentralized, and blockchain-based. It provides decentralized governance by using smart contracts embedded inside a distributed ledger or blockchain network.
ETC is a speculative crypto asset that investors may trade, although Ethereum’s ETH is the more genuine and frequently traded.
At the time of writing, the Ethereum Classic (ETC) price was $52.55, with a 24-hour trading volume of $2,009,115,806 according to CoinGecko. In the past 24 hours, however, ETC has risen by 1.08 percent.
Furthermore, there are 128,790,359.21 ETC in circulation. ETC is currently traded on Binance, Tokocrypto, OKEx, Huobi Global, and FTX, among other cryptocurrency exchanges.
Predictions for the price of Ethereum Classic (ETC) in 2021
On CoinGecko, Ethereum Classic (ETC) is now ranked 19th. The price of ETC in 2021 is forecasted using a daily time period, as shown below.
Daily Time Frame ETC/USDT Price Chart (Source: TradingView)
Triangle Patterns are formed by drawing trendlines along a converging price range to indicate a break in the current trend. A triangle pattern is a chart continuation pattern that looks like a triangle. Triangles are similar to wedges in that they may be either a continuation pattern or a strong reversal pattern if confirmed.
If the bullish trend continues, the ETC may hit $101.42 on the daily time frame chart. Otherwise, if the ETC price breaks through the $72.65 resistance level, it will fall to the next support level at $37. As a result, the ETC’s trend is predicated on the breakout.
Support and Resistance Levels for Ethereum Classic (ETC)
The chart below depicts ETC’s support and resistance levels.
Support and Resistance Levels for ETC/USDT (Source: TradingView)
The resistance and support levels of ETC are clearly visible in the hourly time frames above.
- $54 is the first level of resistance.
- $59 for Level 2 Resistance
- $67 for Level 3 Resistance
- Level 1 Support – $48
- Level 2 Support – $42
- Level 3 Support – $37
ETC has been on a bullish trend for the last month, according to the charts. If the current trend continues, ETC may catch up with the bulls and break over the $67 resistance level.
In the event that investors turn against cryptocurrency, the price of ETC may fall to nearly $37, indicating a negative warning.
Average Directional Index for Ethereum Classic (ETC) (ADX)
Let’s take a look at ETC’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It’s linked to the Directional Movement Index (DMI) and consists mostly of the ADX line.
The oscillator has a range of 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators.
The ADX of ETC remains above the range of 24.781, indicating a weak trend, as seen in the chart above.
The ETC is one of the cryptos that has managed to hold its ground in a negative market. Our long-term ETC price forecast for 2021 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $167.09. However, this will only happen if it overcomes a number of previous psychological barriers.
Furthermore, the ETC ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon reach $67 and even higher levels, but it is more likely to hit $70 if investors believe ETC is a solid investment in 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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The Ethereum Classic Price Prediction 2021 is a cryptocurrency that is currently trading at $17. It has been predicted that the price of ETC will hit $70 soon. Reference: ethereum classic prediction.
Frequently Asked Questions
Will Ethereum prices drop in 2021?
Ethereum prices are expected to rise in 2021, but there is no way to know for sure.
Where will etc be at the end of 2021?
etc will be at the end of 2021.
What will be the price of Ethereum in 2021?
The price of Ethereum in 2021 is not yet known.
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