Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Ethereum Classic is down -3.28% today against the US Dollar
- Ethereum Classic is currently trading 10.29% below our prediction on Dec 17, 2023
- Ethereum Classic dropped -2.92% in the last month and is up 6.60% since 1 year ago
| Ethereum Classic price | $ 19.69 |
| Ethereum Classic prediction | $ 21.94 (9.32%) |
| Sentiment | Bearish |
| Fear & Greed index | 67 (Greed) |
| Key support levels | $ 19.06, $ 17.98, $ 16.50 |
| Key resistance levels | $ 21.62, $ 23.10, $ 24.18 |
ETC price is expected to rise by 9.32% in the next 5 days according to our Ethereum Classic price prediction
Ethereum Classic price today is trading at $ 19.69 after losing -3.28% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.85% in the same time period. ETC performed poorly against BTC today and recorded a -1.31% loss against the world’s largest cryptocurrency.
According to our Ethereum Classic price prediction, ETC is expected to reach a price of $ 21.94 by Dec 17, 2023. This would represent a 9.32% price increase for ETC in the next 5 days.
ETC Price Prediction Chart
Buy/Sell Ethereum Classic
What has been going on with Ethereum Classic in the last 30 days
Ethereum Classic has been displaying a negative trend recently, as the coin lost -2.92% in the last 30-days. The medium-term trend for Ethereum Classic has been bullish, with ETC increasing by 29.81% in the last 3 months. The long-term picture for Ethereum Classic has been positive, as ETC is currently displaying a 6.60% 1-year price change. On this day last year, ETC was trading at $ 18.47.
Ethereum Classic reached its all-time high price on May 06, 2021, when the price of ETC peaked at $ 165.75. The current ETC cycle high is $ 45.11, while the cycle low is at $ 12.63. ETC has been displaying low volatility recently – the 1-month volatility of the coin is at 5.20. Ethereum Classic recorded 16 green days in the last 30 days.
Ethereum Classic technical analysis for today – Dec 13, 2023
The sentiment in the Ethereum Classic markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 19.06, $ 17.98 and $ 16.50, while $ 21.62, $ 23.10 and $ 24.18 are the key resistance levels.
Bearish sentiment for Ethereum Classic
10 indicators are currently signaling a bullish prediction for Ethereum Classic, while 19 indicators are showing a bearish forecast. With 66% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Ethereum Classic.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 67 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Ethereum Classic moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ethereum Classic is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 21.39 (SELL) | $ 20.15 (SELL) | – | – |
| MA5 | $ 21.68 (SELL) | $ 21.03 (SELL) | – | – |
| MA10 | $ 20.82 (SELL) | $ 20.96 (SELL) | – | – |
| MA21 | $ 19.80 (SELL) | $ 20.27 (SELL) | $ 17.20 (BUY) | $ 18.00 (BUY) |
| MA50 | $ 18.92 (BUY) | $ 19.10 (BUY) | $ 18.57 (BUY) | $ 19.17 (BUY) |
| MA100 | $ 17.15 (BUY) | $ 18.16 (BUY) | $ 22.81 (SELL) | $ 21.85 (SELL) |
| MA200 | $ 17.36 (BUY) | $ 18.09 (BUY) | $ 24.03 (SELL) | $ 22.01 (SELL) |
| Period | Value | Action |
| RSI (14) | 49.87 | NEUTRAL |
| Stoch RSI (14) | 58.58 | NEUTRAL |
| Stochastic Fast (14) | 38.22 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 38.14 | SELL |
| Awesome Oscillator (5, 34) | 2.03 | NEUTRAL |
| Momentum (10) | 1.19 | NEUTRAL |
| MACD (12, 26) | 0.12 | NEUTRAL |
| Williams Percent Range (14) | -61.78 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 50.81 | NEUTRAL |
| VWMA (10) | 21.06 | SELL |
| Hull Moving Average (9) | 22.50 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 20.64 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ethereum Classic is at 49.87, suggesting that ETC is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ethereum Classic over the last 50 days. Currently, Ethereum Classic is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ETC closing price for the last 200 days. ETC is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Ethereum Classic prediction
After considering the above factors, we can conclude that the current forecast for Ethereum Classic price prediction is Bearish. ETC would have to increase by 9.32% to hit our $ 21.94 target within the next five days. Moving forward, it will be important to monitor the ETC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Ethereum Classic price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/35578/ethereum-classic-prediction-december-13-2023/