Ethereum Classic Price Prediction 2021 – Will ETC Hit $250 Soon?
- Bullish ETC price prediction ranges from $83 to 173.
- ETC price might also reach $350 soon.
- ETC bearish market price prediction for 2021 is $24.5.
In Ethereum Classic (ETC) price prediction 2021, we use statistics, price patterns, RSI, and much other information about ETC to analyze the future movement of the cryptocurrency.
Ethereum Classic (ETC) is an Ethereum (ETH) hard fork that launched in July 2016. More so, its main work is as a smart contract network with the capacity to support decentralized applications (DApps). In addition, its native token is ETC.
Since its launch, Ethereum Classic seeks to differentiate itself from Ethereum, with the two networks’ tech roadmap expanding more from each other with time. Even more, ETC first set out to preserve the integrity of the present ETH blockchain after a huge hacking event led to the theft of 3.6 million ETH.
According to CoinGecko, the Ethereum Classic price is trading at $59.47 with a 24-hour trading volume of $3,481,596,137, at the time of writing. However, ETC has increased by 1.8% in the last 24 hours.
Moreover, ETC has a circulating supply of 127,902,707 ETC. Currently, ETC trades in cryptocurrency exchanges such as Binance, Huobi Global, OKEx, ZG.com, and CoinTiger.
Ethereum Classic (ETC) Price Prediction 2021
Ethereum Classic (ETC) holds the 21st position on CoinGecko right now. ETC price prediction 2021 explained below in three time frames.
Monthly Time Frame
The monthly time frame chart of Ethereum Classic (ETC) is shown below.
Normally, monthly charts indicate a series of data values where each data point consists of the price movement for a single month of trading. Moreover, this chart type has been used for a long time by traders, however, applicable for long-term trading.
Now let’s look at the support and resistance level using other time frames.
Weekly Time Frame
The weekly time frame chart of the pattern of Ethereum Classic (ETC) is shown below.
More so, the weekly charts are the best time frame to represent the long-term trends. On a weekly chart, each bar indicates one week of price or volume history. More so, this means that weekly charts could offer a longer view of a crypto’s price history.
Daily Time Frame
The daily time frame chart of the pattern of Ethereum Classic (ETC) is shown below.
The daily timeframe or daily bars indicates that the chart is set up in a way each bar indicates the trading activity for one whole day. From all the three time frames, it is clear the following are the resistance and support level of ETC.
- Resistance Level 1 – $173.6
- Resistance Level 2 – $83.5
- Support Level 1 – $47.5
- Support Level 2 – $24.5
- Support Level 3 – $12.65
All-in-all, from the charts above it is clear that ETC’s bullish trend continues and it is possible to reach great heights. Moreover, the charts show that ETC has performed a bullish trend over the past month. If this trend continues, ETC might run along with the bulls overtaking its resistance level at $173.6.
Conversely, if the investors turn against the crypto, the price of ETC might plummet to almost $12.65, a bearish signal.
Ethereum Classic (ETC) Relative Strength Index (RSI)
Now let’s look at the relative strength index (RSI) of ETC. As shown in the chart below, the RSI remains at level 45.35. This shows that ETC’s price is in neither overbought nor oversold state. However, investors can trade safely without any fear.
From the starting of 2021, it is very obvious that the ETC price has seen many bullish trends. Furthermore, considering all these into account, ETC could have a competitive market in 2021.
The ETC is one of the cryptos that keeps its ground against the bearish market. Furthermore, our long-term ETC price prediction 2021 is bullish. It has a huge possibility of overtaking its current all-time-high (ATH) of $176 this year. However, this will only happen if it breaks many past psychological resistances.
Furthermore, with the ongoing developments and upgrades within the ETC ecosystem, it could experience a great future ahead in 2021. It may reach $173.6 soon and it might even reach high heights, however reaching $250, if investors have planned that ETC is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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