Ethereum Classic (ETC) receives a bearish rating of InvestorsObserver The Wednesday. The crypto is up 2.5% to $26.85, while the broader crypto market is up 0.46%.
For the past five days, Ethereum Classic has received a bearish rating InvestorsObserver sentiment score. The Sentiment Score measures the performance of Ethereum Classic over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term view of the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the pullback.
Ethereum Classic is currently trading near its midpoint for the past five days. The crypto is down 17.64% from its five-day high and 8.92% above its five-day low of $24.65.
Ethereum Classic price is trading near the resistance. With support around $24.98 and resistance at $27.09, it might face some selling pressure soon.
Ethereum Classic has been trading at low volume lately. This means that today’s volume is below the average volume for the last seven days.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, the usage of these payments can vary from general usage in the Digital Money subclass to more specific usage in some other subclasses.
Due to a lack of data, this crypto may be less suitable for some investors.
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