Ethereum Classic used to be a part of Ethereum. In 2016, however, there was an attack on the network that eventually led to a separation between the Ethereum and Ethereum Classic blockchains. Just like Ethereum, the Ethereum Classic blockchain is used to deploy smart contracts and decentralized applications. It also uses a virtual machine. The ETC coin is currently the 19th largest cryptocurrency per market capitalization.
Even if it started the year around the $5 level, it has increased significantly since then. During the first week of April, ETC touched the $9 level and analysts predicted that it would hit $10 if the bull run continued. Even if it gained more than 90% of its value within three days, it subsequently started correcting lower and has been unable to retest that level.
Over the last 24 hours, the price of Ethereum Classic has moved higher and lower. According to the latest Ethereum Classic price prediction on CryptoNew, the price of Ethereum Classic will be stable for a while but this period of stability will be followed by a spike that may take the price of ETC as high as $10 before the end of the year.
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Ethereum Classic Price Prediction
Ethereum Classic (ETC) Price Today – ETC / USD
Please enter CoinGecko Free Api Key to get this plugin works.The price surged above the resistance at $5.75 and $6.00 to get to its current level and it is primed for more gains if the bullish momentum continues. There are many projects going on that make Ethereum Classic (ETC) primed for a significant rise against the USD. The wider cryptocurrency market also has bullish signals. This means that there is hope for a higher surge which would influence the price of ETC as well. Source: Smartereum
Ethereum Classic Long Term Price Analysis
Ethereum Classic is one of the most resilient blockchains in the space. The ETC token, which is the fuel for the Ethereum Classic network, had to face a 14-month long cryptocurrency winter, bearish Ethereum Classic price prediction, and a 51% power consolidation attack. During the 51% power consideration attack, one party took control of the Ethereum Classic blockchain and enacted changes because it had more than half of the total hash power. Right after that Ethereum Classic news circulated, many industry insiders suggested that the ETC token and the Ethereum Classic blockchain would never recover from the attack. A few months later, the price of Ethereum Classic bounced back and has been moving along with the market since then.
According to the latest ETC price analyssis on bitcoinexchangeguide; the ETC/USD pair was in a bullish trend. On April 7, the bulls reached a high of $8 and were resisted. The crypto’s price fell and the bears broke below the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price fell to a low at $5.40 to commence a bullish trend.
On April 26, the crypto’s price is making a series of higher highs and higher lows. The crypto’s price is above the EMAs and there is the tendency for price to retest the $8.00 resistance level but may face resistance at the $6.50 price level. On the upside, if the bulls break the $6.50 resistance level, the crypto will reach the previous high.
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