- Bullish ETC price prediction for 2023 is $18.11 to $26.15
- Ethereum Classic (ETC) price might reach $30 soon.
- Bearish ETC price prediction for 2023 is $9.31.
In this Ethereum Classic (ETC) price prediction 2023, 2024-2030, we will analyze the price patterns of ETC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
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INTRODUCTION |
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ETHEREUM CLASSIC (ETC) PRICE PREDICTION 2023 |
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| ETHEREUM CLASSIC (ETC) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Ethereum Classic (ETC) Current Market Status
| Current Price | $15.10 | 24 – Hour Price Change | 1.85% Up |
| 24 – Hour Trading Volume | $83,525,727 |
| Market Cap | $2,164,744,818 |
| Circulating Supply | 143,430,228 ETC | All – Time High | $176.16 (May 06, 2021) |
| All – Time Low | $0.4524 (On Jul 25, 2016) |
What is Ethereum Classic (ETC)
| TICKER | ETC |
| BLOCKCHAIN | Ethereum Classic |
| CATEGORY | Blockchain-based distributed computing platform |
| LAUNCHED ON | July 2015 |
| UTILITIES | Governance, security, gas fees & rewards |
Ethereum Classic (ETC) is the native cryptocurrency that exists on the Ethereum Classic blockchain. Ethereum Classic is an open-source smart contracts-based platform that holds onto the original Ethereum blockchain. This sister chain of Ethereum was launched as a result of a controversial hard fork of Ethereum in July 2016.
Ethereum Classic secures its blockchain through the proof-of-work (PoW) consensus mechanism. It is merely the continuation of the pioneer Ethereum Chain. It allows developers and users to create dApps through lucrative smart contracts.
Ethereum Classic 24H Technicals
(Source: TradingView)
Ethereum Classic (ETC) Price Prediction 2023
Ethereum Classic (ETC) ranks 26th on CoinMarketCap in terms of its market capitalization. The overview of the Ethereum Classic price prediction for 2023 is explained below with a daily time frame.
ETC/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Ethereum Classic (ETC) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Ethereum Classic (ETC) was recorded at $15.10. If the pattern trend continues, then the price of ETC might reach the resistance levels of $16.26, $20.71, and $25.70. If the trend reverses, then the price of ETC may fall to the support of $14.18.
Ethereum Classic (ETC) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Ethereum Classic (ETC) in 2023.
ETC/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Ethereum Classic (ETC) for 2023.
| Resistance Level 1 | $18.11 |
| Resistance Level 2 | $26.15 |
| Support Level 1 | $12.91 |
| Support Level 2 | $9.31 |
ETC Resistance & Support Levels
Ethereum Classic (ETC) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Ethereum Classic (ETC) are shown in the chart below.
ETC/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Ethereum Classic (ETC) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $15.58Price = $15.01 (50MA > Price) |
Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 40.86 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Ethereum Classic (ETC) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Ethereum Classic (ETC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ETC/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Ethereum Classic (ETC).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 13.89 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 24.89
<50 = Low |
Low Volatility |
Comparison of ETC with BTC, ETH
Let us now compare the price movements of Ethereum Classic (ETC) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ETC Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of ETC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ETC also increases or decreases respectively.
Ethereum Classic (ETC) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ethereum Classic (ETC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Ethereum Classic (ETC) Price Prediction 2024 | $35 | $9.55 |
| Ethereum Classic (ETC) Price Prediction 2025 | $38 | $10 |
| Ethereum Classic (ETC) Price Prediction 2026 | $41 | $13 |
| Ethereum Classic (ETC) Price Prediction 2027 | $45 | $16 |
| Ethereum Classic (ETC) Price Prediction 2028 | $48 | $17 |
| Ethereum Classic (ETC) Price Prediction 2029 | $50 | $19 |
| Ethereum Classic (ETC) Price Prediction 2030 | $55 | $20 |
Conclusion
If Ethereum Classic (ETC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ethereum Classic (ETC) price prediction for 2023 is $26.15. Comparatively, the bearish Ethereum Classic (ETC) price prediction for 2023 is $9.31.
If there is a positive elevation in the market momentum and investors’ sentiment, then Ethereum Classic (ETC) might hit $30. Furthermore, with future upgrades and advancements in the Ethereum Classic ecosystem, ETC might surpass its current all-time high (ATH) of $176.16 and mark its new ATH.
FAQ
1. What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is the native cryptocurrency of the Ethereum Classic blockchain. Ethereum Classic is an open-source smart contracts-based network that is built based on the original Ethereum blockchain.
2. Where can you buy Ethereum Classic (ETC)?
Ethereum Classic (ETC) has been listed on many crypto exchanges which include Binance, OKEx and Huobi Global.
3. Will Ethereum Classic (ETC) record a new ATH soon?
With the ongoing developments and upgrades within the Ethereum Classic platform, Ethereum Classic (ETC) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Ethereum Classic (ETC)?
Ethereum Classic (ETC) hit its current all-time high (ATH) of $176.16 on May 06, 2021.
5. What is the lowest price of Ethereum Classic (ETC)?
According to CoinMarketCap, ETC hit its all-time low (ATL) of $0.4524 on Jul 25, 2016.
6. Will Ethereum Classic (ETC) hit $30?
If Ethereum Classic (ETC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $30 soon.
7. What will be the Ethereum Classic (ETC) price by 2024?
Ethereum Classic (ETC) price might reach $35 by 2024.
8. What will be the Ethereum Classic (ETC) price by 2025?
Ethereum Classic (ETC) price might reach $38 by 2025.
9. What will be the Ethereum Classic (ETC) price by 2026?
Ethereum Classic (ETC) price might reach $41 by 2026.
10. What will be the Ethereum Classic (ETC) price by 2027?
Ethereum Classic (ETC) price might reach $45 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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- Source: https://thenewscrypto.com/ethereum-classic-etc-price-prediction
