• Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Price forecast for Ethereum Classic: A startling rise to $60?

admin by admin
October 16, 2022
in Cryptocurrency
0 0
0
Price forecast for Ethereum Classic: A startling rise to $60?
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter



Since August, the price of Ethereum Classic has lost 50% of its value on the market. Comparatively, less volume has been applied to the downturn compared to the last bull run. If the bears target $17.82, the bullish argument can be disproven. The price of Ethereum Classic may increase. However, the validity of the upswing depends on the invalidation level.

Is Ethereum Classic useful ?

The price of Ethereum Classic (1) suggests that there may be a pump to new heights in the fall. Since the summer's $45. highs, the ETC price has decreased by 50%. The subsequent decrease has been accompanied by low volume, suggesting that the early summer upswing may resurface.

After a strong comeback following a sharp sell-off caused by the US-Consumer Pricing Index announcement, the price of Ethereum Classic is presently bidding at $23. Despite the present downturn, the surge has allowed the bulls to create a bullish hammer on longer time frames, which is another encouraging sign.

Price forecast for Ethereum Classic: A startling rise to $60?
Image source : Tradingview.com

What can be expected next?

It is important to note that the Relative Strength Index (2) identified oversold levels on longer periods, which should cause overzealous bears to exercise caution. According to Elliott Wave's theory, the upward movement is still ongoing, and wave 5 with a target price of $60, may materialize.

However, a breach of wave one's initial resistance at $17.82 during the summer rally will be the first sign that an uptrend has failed. If they cross this level, the trend will be completely under the bears' grip. ETC price may drop below $14, representing a 40% drop from the current market value or as low as the summer lows.



Source link

Previous Post

What Is It All About?

Next Post

Gabe Leydon’s Limit Break Buys Super Bowl Ad For Its NFT Game

admin

admin

Next Post
Gabe Leydon’s Limit Break Buys Super Bowl Ad For Its NFT Game

Gabe Leydon’s Limit Break Buys Super Bowl Ad For Its NFT Game

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
CoinShare CSO: BTC will hit an all-time high in 24 months

CoinShare CSO: BTC will hit an all-time high in 24 months

July 13, 2022
This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

This Indian Couple Decided to Hold a Hogwarts-themed Metaverse Wedding Reception

June 25, 2022
Interview with Coin Of The City NFT

Interview with Coin Of The City NFT

May 2, 2022
Ukraine Sells Donated CryptoPunk NFT for $100,000

Ukraine Sells Donated CryptoPunk NFT for $100,000

June 25, 2022
Reshaping & Innovating the Music Industry Through NFTs

Reshaping & Innovating the Music Industry Through NFTs

0
Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

Fixing Broken Gamenomics: How to End Infinite Selling Pressure in P2E Gaming Economies

0
CryptoArt Sundays: Interview with Bushra Khan

CryptoArt Sundays: Interview with Bushra Khan

0
Big Time Readies Early Access for Gold VIP Pass Holders

Big Time Readies Early Access for Gold VIP Pass Holders

0
How to Choose the Best Bitcoin Wallet for Digital Security

How to Choose the Best Bitcoin Wallet for Digital Security

May 30, 2025
Anichess Season 4 Now Live, $10,000 Reward Pool Available

Anichess Season 4 Now Live, $10,000 Reward Pool Available

May 30, 2025
Kyvo and Optio Community Partner with HolyDeeds for FaithTech

Kyvo and Optio Community Partner with HolyDeeds for FaithTech

May 29, 2025
Deadfellaz To Debut Ghost Machine NFT Collection on June 5

Deadfellaz To Debut Ghost Machine NFT Collection on June 5

May 28, 2025

Recommended

How to Choose the Best Bitcoin Wallet for Digital Security

How to Choose the Best Bitcoin Wallet for Digital Security

May 30, 2025
Anichess Season 4 Now Live, $10,000 Reward Pool Available

Anichess Season 4 Now Live, $10,000 Reward Pool Available

May 30, 2025
Kyvo and Optio Community Partner with HolyDeeds for FaithTech

Kyvo and Optio Community Partner with HolyDeeds for FaithTech

May 29, 2025
Deadfellaz To Debut Ghost Machine NFT Collection on June 5

Deadfellaz To Debut Ghost Machine NFT Collection on June 5

May 28, 2025

About Us

We bring you the latest NFT News and update from all around the Internet!

Categories

  • Cryptocurrency
  • Metaverse
  • NFT
No Result
View All Result
  • Home
  • NFT
  • Metaverse
  • Cryptocurrency

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist