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Ethereum Classic (ETC): price analysis, 18 January

Analysis of classic prices of Ethereum – ETC / USD

ETC / USD

Ethereum Classic is an open source public distributed computing platform based on blockchain with intelligent contract functionality. It provides a decentralized virtual machine complete with Turing, the Ethereum virtual machine, which can execute scripts using an international network of public nodes.

The 18th largest cryptocurrency – Ethereum Classic with its current market capitalization trading at $ 469,222.483 (08:18 UTC) on January 18 fell 24.4% of current value compared to December 26, as analyzed in the chart above. The significant decline in value is due to the strong downward pressure, macro-factors and courses of competitive forces around the world.

However, the ETC / USD pair has remained 'up' & # 39; from December 18 to January 6, as interpreted by the above graph that indicates the upward trend as the ETC / USD pair has gained in value dramatically 28.5% compared to December 6, which can be analyzed from the above graph, which indicates the sign bullish that proceeds.

Both moving averages have been lowered as a stone from mid-November to mid-December last year, and the current value was traded below the 20-day EMA which meant a "downtrend" in terms of value. In the middle of this ETC it emerges that bears have their hands high while the ETC / USD pair remains in a downtrend for some time until the next "uptrend". Traders should remain aloof until the next "uptrend", as the "downtrend" shows that this resource has been on a downward trend until November 26 last year.

Now let me guide you through a milestone that this cryptocurrency has achieved in the recent past. The ETC / USD pair remained between December 17 and December 25 last year, as the cryptocurrency rallied from $ 3.59 to a maximum of $ 5.78, with a return of 61% within eight days.

Ethereum Classic (ETC) is a smarter blockchain; it is a network, a community and a cryptocurrency that brings digital resources forward. With this, it allows people to send value to one another. It also helps to execute complex contracts that operate independently and can not be changed or censored! In addition to this, ETC has some of the most extensive network activities of any blockchain, consistently superior to Bitcoin Cash and neck-and-neck with Litecoin. With multiple developer teams in place, everyone is committed to ETC's long-term vision. In this way, they are in the top 10 of the programmer's activity (measured by the committed code). In addition, they have numerous sources of funding and continue to grow, day by day, commit-by-commit, line by line of code to create a bulletproof network that anyone can use. ETC acts on principles, technology is the two essential pillars!

Ethereum Classic

How quickly we can analyze from the above chart that the MCap was traded at 469,680.634 USD (08:21 UTC) with the Price (BTC) 0.0119132 and the Price / USD 4.36 (08:21 UTC) 24h Volume 133.272,618 (08 : 21 UTC). As can be seen from the previous graph, the traded MCap was the historical maximum of 7 January above the price / BTC and the price / USD. However, today the price / BTC has been traded above both MCap and Price / USD, which can be analyzed from the above graph. Let's not forget that Ethereum Classic expected to create an uptrend by trading above the support level of $ 4.76, thus offering the best return to all those who invested in this currency.

While we can estimate from the first chart, if the bulls are able to rise and sustain above the current resistance level $ 4.43 (08:28 UTC) and create a "bullish" value (ie traded above the ; EMA), investors will begin to buy this currency more and more thus increasing its value. However, based on the current trend, the next support level could be $ 4.50.

Do not hesitate to visit https://ethereumclassic.org/ to learn more about this cryptocurrency!

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