Cryptocurrency

Ethereum Classic Price Prediction for Today, December 29: ETC/USD Resumes Uptrend


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The Ethereum Classic price prediction shows that ETC is likely to cross above the 9-day and 21-day moving averages to continue the upward trend.

Ethereum Price Prediction Statistics Data:

  • Ethereum Classic price now – $15.9
  • Ethereum Classic market cap – $2.2 billion
  • Ethereum Classic circulating supply – 138 million
  • Ethereum Classic total supply – 210 million
  • Ethereum Classic Coinmarketcap ranking – #25

ETC/USD Market

Key Levels:

Resistance levels: $22, $24, $26

Support levels: $10, $8, $6

ETCUSD – Daily Chart

ETC/USD is currently changing hands at around $15.9 as the coin touches the daily high at $16.14 with a market cap of $2.2 billion. Today’s trading begins with a slight uptrend in the market as the coin moves to cross above the 9-day moving average. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.

Ethereum Classic Price Prediction: ETC May Head to the Upside

Looking at the daily chart, the next step for the Ethereum Classic price is to cross above the moving averages. Once this is done, bulls may now push the coin to hit the nearest resistance level of $18 before locating the potential resistance levels at $22, $24, and $26 respectively.

However, as the technical Indicator Relative Strength Index (14) moves to cross above the 40-level, ETC/USD may continue to move to the north, once this plays out, it can manage to sustain the bullish movement above the upper boundary of the channel. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $10, $8, and $6

Against Bitcoin, the Ethereum Classic is hovering below the 9-day and 21-day moving averages. At the moment, bulls are likely to push the coin to the positive side as the technical Indicator Relative Strength Index (14) moves to cross above the 40-level.

ETCBTC – Daily Chart

However, if the bulls push the price above the upper boundary of the channel, ETC/BTC could rise to the resistance level of 1200 SAT and above. Meanwhile, any bearish movement toward the lower boundary of the channel could bring the price toward the support level of 750 SAT and below.

View the latest Ethereum Classic price on CoinCodex.

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