Ethereum Classic Price Analysis: ETC Keeps Moving Below $6 for Most of the Week

Fibo Quantum

  • Ethereum Classic engages community of users through tutorials
  • ETC token may rise to $7 by the next week

Ethereum Classic has slowed down a lot since its last growth surge in the month of June. The coin has not been able to recover from the loop of trading below $6 and may continue with that in the next few days as well. However, the closing value of ETC may be around $7 at the end of this month as the current market trends are expected to start improving from next week onwards.

ETC Price Statistics:

In the last 5 days, ETC has shown some prominent trends of surging higher and then dipping lower almost suddenly. The coin started the week trading at $6.20 and has recorded a downtrend of over 3% in the last 5 days dipping to its current value at $5.97 as on July 26, 2019 at 06:18:02 UTC. In between the week, ETC surged as high as $6.49 and then crashed to hit $5.77 in a day’s time. 

Ethereum Classic price chart July 26
Ethereum Classic Price Chart by TradingView
  • ETC is currently trading at $5.97 and 0.00061187 BTC
  • The market cap of the coin is $668,659,031
  • The 24 h volume has reached $456,241,557
  • The ROI of the coin stands at 692.88%
  • The circulating supply has reached 112,224,928 ETC

ETC surged as high as $6.25 yesterday before it started crumbling down and dropped below $6. The coin had closed the day at $6.02 yesterday and even today it may close around the same value. 

Ethereum Classic Price Prediction:

This is a crucial time to observe the behavior of ETC token for the week has been a good one for this crypto. The coin recorded surge in the first few days and bounced back yesterday as well. This may further improve in the coming days and ETC may close the day trading around $7. The month started with ETC at $8 and may close on a moderate note with the price of the coin between $6 and $7.5. 

Conclusion:

This is a good time to plan investments in this token as it may start surging from next week onwards.