The Ethereum Classic price prediction shows that ETC spikes to the upside as any close above the channel is expected.
Ethereum Classic Prediction Statistics Data:
- Ethereum Classic price now – $19.22
- Ethereum Classic market cap – $2.8 billion
- Ethereum Classic circulating supply – 143.9 million
- Ethereum Classic total supply – 210 million
- Ethereum Classic CoinMarketCap ranking – #28
Resistance levels: $22, $24, $26
Support levels: $16, $14, $12
ETC/USD is seen trading at $19.22 after recording an intraday high of $20.5 during the European session today. Looking at the daily chart, Ethereum Classic (ETC) is heading toward the upside as the coin keeps maintaining the bullish movement. However, ETC/USD stays above the 9-day and 21-day moving averages as a bullish cross above the upper boundary of the channel is expected.
Ethereum Classic Price Prediction: ETC May Price Spike to the Upside
Since the beginning of this month, the Ethereum Classic price has been following the bullish movement, currently trading at the $19.22 level. In the meantime, if the market price spikes above the upper boundary of the channel, it could touch the nearest resistance at $21.
Nevertheless, the Ethereum Classic price may continue to do well and the price could hit the resistance levels at $22, $24, and $26 respectively. Meanwhile, should the 9-day MA make a quick below the 21-day MA, there may be a bearish movement to the south which may likely roll the market down to the support levels of $16, $14, and $12.
ETC/BTC Faces the Upside
Against Bitcoin, the Ethereum Classic price is currently hovering above the 9-day and 21-day moving averages while the market price may focus on the upward movement if touches the resistance level of 570 SAT. Meanwhile, ETC/BTC is currently trading at 531 SAT as the next key resistance may come to be at 580 SAT and above.
On the downside, a possible bearish movement below the 9-day and 21-day moving averages may come into play, when this is done, the support level of 470 SAT and below could be visited. Meanwhile, the market may continue to have a bullish day because the 9-day moving average crosses above the 21-day moving average, suggesting more bullish signals.
Ethereum Classic Alternatives
The Ethereum Classic price is experiencing a significant boost as the coin touches the daily high at the resistance level of $20.59. However, this momentum extends considerably as crypto begins to climb higher within the channel. Moreover, the current performance of the coin indicates the addition of an upward movement. It’s just a matter of time before this coin reaches a $21 level in the nearest term.
Meanwhile, Ethereum Classic, with a market cap of $2.8 billion, faces challenges in achieving substantial gains quickly due to its size. On the other hand, Bitcoin Minetrix, with a lower market cap, has the potential for significant percentage increases in a short period, given its room for growth. Positioned strategically to align with both market trends and fundamental aspects of the Bitcoin protocol, especially in mining, Bitcoin Minetrix has already gained substantial support, amassing over $3.7 million in its ongoing presale.
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