Disclaimer: This is not investment advice. The information provided is for general purposes only. Any information, materials, services or other content provided on this page does not constitute a solicitation, recommendation, endorsement or any financial, investment or other advice. Seek independent professional advice in the form of legal, financial and tax advice before making any investment decision.
- Today, the price of Ethereum Classic fell by -8.53% against the US dollar
- ETC/BTC price is down -6.71% today
- ETC/ETH price is down -3.91% today
- Ethereum Classic is currently trading 6.53% below our December 15, 2024 forecast
- The price of Ethereum Classic is up 26.08% in the past month and is up 43.49% one year ago.
| Ethereum Classic price | $29.05 |
| Ethereum Classic Prediction | $31.08 (8.29%) |
| Feelings | neutral |
| Fear and Greed Index | 78 (extreme greed) |
| Key support levels | $28.61, $25.77, $21.60 |
| Key resistance levels | $35.61, $39.78, $42.61 |
ETC price is expected to rise by 8.29% over the next five days according to our Ethereum Classic price forecast.
Today, Ethereum Classic price is trading at $29.05 after losing -8.53% in the last 24 hours. The coin underperformed the cryptocurrency market, with the total cryptocurrency market capitalization declining by -4.62% in the same time period. ETC performed poorly against BTC today and recorded a loss of -6.71% against the world’s largest cryptocurrency.
According to our Ethereum Classic price forecast, the price of ETC is expected to reach $31.08 by December 15, 2024. This will represent an increase in the price of ETC of 8.29% in the next five days.
ETC price prediction chart
Buy/Sell Ethereum Classic
What happened with Ethereum Classic in the last 30 days?
Ethereum Classic has shown a positive trend recently, with the coin rising by 26.08% in the last 30 days. The medium-term trend for Ethereum Classic has been bullish, with ETC rising 57.10% in the past three months. The long-term picture for Ethereum Classic has been positive, with ETC currently showing a 43.49% one-year price change. On this day last year, ETC was trading at $20.25.
Ethereum Classic reached its all-time high price on May 06, 2021, when the ETC price peaked at $165.75. ETC’s current cycle high is $45.11, while the cycle low is $12.63. ETC has shown high volatility recently – its one-month volatility was 15.92. Ethereum Classic has recorded 15 green days in the last 30 days.
Technical analysis of Ethereum Classic for today – December 11, 2024
Sentiment in Ethereum Classic markets is currently neutral, with the Fear and Greed Index reading “Extreme Greed.” The most important support levels to watch are $28.61, $25.77, and $21.60, while $35.61, $39.78, and $42.61 are the major resistance levels.
Neutral sentiment towards Ethereum Classic
19 indicators currently indicate a bullish outlook for Ethereum Classic, while 12 indicators indicate a bearish outlook. With 61% of indicators supporting a positive prediction. This results in a total neutral Feelings about Ethereum Classic.
The cryptocurrency market is currently experiencing extreme greed
Currently, the Fear and Greed Index is at 78 (extreme greed)Which indicates that investors have a positive outlook on the market. The Fear and Greed Index is a measure of sentiment among cryptocurrency investors. A “greed” reading indicates that investors are currently bullish on the cryptocurrency market, but it could also be a signal that the market is overvalued. On the other hand, a reading of “Fear” indicates that investors are currently hesitant about the cryptocurrency market, which likely represents a buying opportunity.
Ethereum Classic Moving Averages and Oscillators
Let’s take a look at what some of the most important technical indicators indicate. We will go through the main moving averages and oscillators that will allow us to get a better idea of how Ethereum Classic is positioned in the market at the moment.
| a period | Simple daily | Daily exponential | Simple weekly | Weekly Exponential |
| MA3 | $30.09 (He sells) | $30.19 (He sells) | – | – |
| MA5 | $32.84 (He sells) | $27.36 (He buys) | – | – |
| MA10 | $33.43 (He sells) | $24.00 (He buys) | – | – |
| MA21 | $31.55 (He sells) | $21.59 (He buys) | $12.05 (He buys) | $22.95 (He buys) |
| MA50 | $25.12 (He buys) | $20.22 (He buys) | $25.20 (He buys) | $23.02 (He buys) |
| MA100 | $21.98 (He buys) | $20.61 (He buys) | $12.51 (He buys) | $23.28 (He buys) |
| MA200 | $23.47 (He buys) | $21.95 (He buys) | $22.86 (He buys) | $22.06 (He buys) |
| a period | value | an act |
| Relative Strength Index (14) | 52.00 | neutral |
| Stoch Indicator (14) | 0.00 | He buys |
| Fast Stochastic Indicator (14) | 32.04 | neutral |
| Commodity Channel Index (20) | 66.67 | neutral |
| Average trend indicator (14) | 57.61 | He sells |
| Cool Oscillator (5, 34) | 7.96 | neutral |
| Momentum (10) | -0.44 | He sells |
| MACD (12, 26) | -0.20 | neutral |
| Williams Percent Range (14) | -67.96 | neutral |
| Final oscillator (7, 14, 28) | 57.10 | neutral |
| Fiuma (10) | 35.56 | He sells |
| Moving Average Hull (9) | 38.14 | He sells |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 30.51 | 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 52.00, indicating that ETC is currently neutral.
The 50-day simple moving average (SMA 50) takes into account the closing price of Ethereum Classic over the past 50 days. Currently, Ethereum Classic is trading below the 50 SMA trend line, which is a bearish signal.
Meanwhile, the 200-day simple moving average (SMA 200) is a long-term trend line calculated by taking the average closing price of ETC for the last 200 days. ETC is now trading below the 200 simple moving average, indicating 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 price forecast for Ethereum Classic is neutral. ETC would have to rise 8.29% to reach our target of $31.08 over the next five days. Going forward, it will be important to monitor ETC market sentiment, key support and resistance levels, and other metrics. However, we have to keep in mind that cryptocurrency markets are unpredictable, and even the largest cryptocurrency assets exhibit a lot of price fluctuations. For a long-term Ethereum Classic price forecast, click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. Any information, materials, services or other content provided on this page does not constitute a solicitation, recommendation, endorsement or any financial, investment or other advice. Seek independent professional advice in the form of legal, financial and tax advice before making any investment decision.
Source: https://coincodex.com/article/56991/ethereum-classic-prediction-december-11-2024/