Ethereum Classic (ETC) Reflects Bearish Market Trends on the Intraday Chart

Fibo Quantum

  • Ethereum Classic (ETC) price gets bit by the bear.
  • The coin holds the high prospect of improvement in the future.

Ethereum Classic (ETC) has demonstrated the potential it assesses in the last couple of days. The coin was seen booking profit when the entire market was suffering. The coin usually walks in the footsteps of Ethereum, but from a couple of weeks, it has discovered its own unique momentum. The same has influenced the traders. The coin was seen catching up a high road during the same time. Well, the time is now changed, and so has the momentum. The same would pass soon. The traders would again see the coin rising up on the chart. Let’s have a look at the price chart.

Current Statistics of Ethereum Classic:

  • The price of the coin is at USD 5.501.
  • The coin is at the 20th rank in the crypto market.
  • The ROI is marked as 688.13%.
  • The 24hr volume stands at USD 556,958,347.
  • The market cap of the coin is USD 669,089,430.
  • The circulating supply has 112,841,270 ETC.

ETC to USD Price Comparison:

The chart is taken from Trading View on 20th August 2019 at UTC for 07:01:45.

Ethereum Classic price chart - Aug 20
Ethereum Classic Chart By TradingView

Yesterday, the coin started with a downtrend of 0.88% as the price changed from $5.58 to $5.53. Further, the coin jumped from $5.53 to $5.6 by 2.48%. The coin took a deep dig in the second half of the day. The price counters changed from $5.6 to $5.4 by 3.87%. The coin closed at $5.5 with an intraday loss of 0.50%. Today, the coin opened with an upsurge of 1.44% from $5.5 to $5.6. The coin later fell from $5.6 to $5.5 by 1.99%.

Ethereum Classic Price Prediction and Conclusion:

Ethereum Classic (ETC) is dealing at 20th rank in the market. The coin has firmly attained its position on the chart. The coin was seen at a great momentum, but the same has been disturbed. The coin is anticipated to have a great future. Hence, investing in the coin wouldn’t go futile. The coin is likely to give the best result to the long term traders. The given period could give maximum profits to the traders. The coin is anticipated to close the year around $8. In the coming years, the coin would deal in a 4% – 5% profit.