Ethereum Classic (ETC) Long Term Price Forecast

ETC/USD Long-term Trend: Ranging

Resistance levels: $14.000, $18.000,$22.000

Support levels: $8.000, $6.000, $2.000

The price of Ethereum Classic was range bound in the latter part of September. On September 1, the digital currency had an opening balance of $12.70. But the price of ETC fell to the low of $11.19 and began a range bound movement up till date. The price of Ethereum Classic traded and closed at a price of $11.21 at the end of September 2018. In the other words, it has lost 11.73% of its capital. Presently, the price of ETC is ranging above the price of $11.0.

Nevertheless, the price of ETC is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 40 which indicates that the price is in the sideways trend zone.

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

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