Ethereum

Resistance

Ethereum Classic

<ul class="list-ic vertical">
 <li><span>1</span> <a>ETC price is trading above the key moving averages showcasing bullishness.</a></li>
 <li><span>2</span> <a>Ethereum Classic crypto price increased by almost 75.45% in the last 3 months showing buyers’ presence.</a></li>
</ul>
<p>Ethereum Classic (ETC) stands as an autonomous, community-driven blockchain system that embraces a proof-of-work (PoW) consensus model. This framework empowers users to execute and preserve smart contracts and dApps with high security and permanence.&nbsp;</p>
<p>Smart contracts on this platform are crafted in Solidity, a robust programming language, and are processed by the Ethereum Virtual Machine (EVM)—a decentralized computing engine that is Turing-complete and integral to the Ethereum Classic ecosystem.</p>
<p>ETC is versatile, facilitating the development of dApps and the creation of diverse token types, including virtual currencies, utility tokens, security tokens, and non-fungible tokens (NFTs).</p>
<p>It functions as a medium of exchange and can be actively traded on digital currency exchanges. Ethereum Classic prioritizes unchangeable records and resistance to censorship, qualities that have garnered it favor among projects seeking a steadfast and decentralized foundation.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-ethereum-classic-crypto-price-strong"><strong>Technical Analysis of Ethereum Classic Crypto Price</strong></h2> 
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<p>The price of the ETC token has been rising consistently, with numerous higher-high swings indicating a bullish trend. This reflects the stability and trust of the Ethereum Classic community in the project.&nbsp;</p>
<p>The crypto price has started a significant bullish move from the lower support levels, breaking above the major trendline and surging toward the upper resistance.&nbsp;</p>
<p>The ETC token has supported increases above the key moving averages and has shown bullish waves in the past sessions. It has also experienced a golden crossover and has surged over 74% in the last 3 months, reflecting bull accumulation. Additionally, the ETC asset price is currently above the 50-day and 200-day exponential moving averages, indicating a bullish sentiment in the current trading session.&nbsp;</p>
<p>Ethereum Classic crypto showed bulls strength and daily charts showed bullishness in crypto <a href="https://www.thecoinrepublic.com/2024/04/05/ngl-price-stuck-in-range-can-entangle-escape-the-2-mark/" target="_blank" rel="noopener noreferrer nofollow">price</a>. Moreover, the price is trading above the major EMAs, indicating further strength for the cryptocurrency. The RSI curve is near 59, a positive zone, with a positive outlook indicating bullish sentiment in cryptocurrency.&nbsp;</p>
<p>The MACD indicator also continued to form green bars and a bullish crossover emerged, indicating a corrective move.</p>
<h2 class="wp-block-heading" id="strong-ethereum-classic-crypto-price-vs-volume-analysis-strong"><strong>&nbsp;Ethereum Classic Crypto Price vs Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (ETC), Volume (ETC)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum-classic&amp;pt=ETC&amp;df=2023-11-11T00%3A00%3A00.000Z&amp;dt=2024-04-08T18%3A29%3A59.506Z&amp;sat=shchcfg_oLNutJSH8Ng7&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%232845c2&amp;ws=%3B" scrolling="no"></iframe>
<p>The graph indicates that trading volume has risen in recent days, accompanied by an increase in price. There has been a significant price surge in the past few days, suggesting a potential long-term growth.</p>
<h2 class="wp-block-heading" id="strong-ethereum-classic-crypto-social-dominance-vs-social-volume-strong"><strong>Ethereum Classic Crypto Social Dominance vs Social Volume</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (ETC), Social Volume (ETC)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum-classic&amp;pt=ETC&amp;df=2023-11-11T00%3A00%3A00.000Z&amp;dt=2024-04-08T18%3A29%3A59.506Z&amp;sat=shchcfg_oLNutJSH8Ng7&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>According to the graph for social dominance and social volume, both indicators have shown a consistent increase over the last few months, resulting in a positive effect on the price. Moreover, the price momentum of Ethereum Classic could be influenced by alterations in social dominance and volume dominance.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Ethereum Classic’s long-term price prediction is bullish, suggesting that the momentum may continue. ETC’s price is currently under the bulls’ control, making it highly likely to reach $50 in the coming weeks.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Level: $31.44</p>
<p>Resistance Level: $38.48</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.</p>

Ethereum Classic Price Outlook: Will ETC Price Hit $50 Mark?

Table of Contents

Thecoinrepublic.com

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