Ethereum Classic Price Prediction – Will ETC Price Hit $80 Soon?

This Ethereum Classic (ETC) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ETC price analysis and prediction.

The crypto industry continues to grow. Many crypto projects pursue improvements to their technologies to stay competitive. On the other hand, Ethereum Classic (ETC), the less popular of the two Ethereum chains stays the same. However, does it still have the potential to the moon? Let’s find out in this article.

ETC is one of the promising cryptos that technology allows DApps and other blockchains to interact together seamlessly.

Can Ethereum Classic reach $80 in 2021? We will find out shortly. But before we proceed to our ETC price prediction, let us first answer the question “What is Ethereum Classic (ETC)?” in this ETC price prediction 2021 article.

What is Ethereum Classic (ETC)?

ETC is a blockchain-based network that enables developers to create decentralized applications easily. Also, the ETC network is an open-source project designed to be flexible and adaptable. For this reason, all uncensorable contracts can be deployed and executed in the network.

For those who are curious, Ethereum Classic was once the same as Ethereum (ETH) as we know it. Due to some unfortunate circumstances, the two camps parted ways through a hard fork.

Ethereum Classic has its native crypto called ETC that is utilized in purchasing premium services within the network. In addition, the ETC token is also used in rewarding the miners in the network.

Now that we have an idea about Ethereum Classic, do you think ETC will be profitable crypto in 2021? Are you already interested to know? Hence, come with me and let us see the charts in this  ETC price analysis and ETC price prediction.

Ethereum Classic Current Market Status

As of the time of writing this Ethereum Classic price analysis, ETC trades at $61.98 with a 24-hour trading volume of $592,307,050, according to CoinGecko. The price of ETC has increased by 1.00% in the last 24 hours.

Furthermore, ETC has a current circulating supply of 131,126,205.00 ETC. Currently, the top cryptocurrency exchanges for ETC are Binance, Huobi Global, OKEx, ZG.com, and CoinTiger.

Now, let’s proceed to the next part of this ETC price prediction for 2021.

Ethereum Classic Price Analysis 2021

Currently, ETC holds 19th place on CoinMarketCap. But will the latest upgrades, development, and changes in the ETC blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ETC price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Triangle pattern. This is an important indicator since ETC has been showing bearish over the past month. Consequently, the descending triangle pattern hints that ETC will finally go bearish

In the foreseeable future, we can say that ETC has a higher chance of going bearish than bullish. As shown above, at the beginning of this month, ETC turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is above 38.86, which means that ETC is in an oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ETC

Since the start of 2021, ETC’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ETC has a competitive market this 2021.

Ethereum Classic Price Prediction 2021

The chart below shows that ETC has performed great over the past few days. Moreover, the ETC price shows a bullish trend. If this trend continues, ETC might run along with the bulls, overtaking its $80.91 resistance level and move higher.

Conversely, if the investors turn towards the crypto, the bears might take over and push ETC from its uptrend position. In simpler terms, the price of ETC might plummet to almost $31.25, a bearish signal.

Meanwhile, our long-term ETC price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Ethereum Classic Price Prediction 2022

If this bullish trend continues, ETC will reach $92 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $105. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $92 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Ethereum Classic Price Prediction 2023

If ETC holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $120, making it not plummet but play consistently.

Ethereum Classic Price Prediction 2024

As per the latest upgrades, developments, ETC price prediction, and new project forecasts of the platform, ETC investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ETC in the crypto market, and it will be the best investment as the price can spike and reach around $135.

Ethereum Classic Price Prediction 2025

In the next four years, ETC prices could race up to $165. However, reaching this level could not be so difficult for ETC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ETC has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

ETC has a bright future ahead of it in 2021. With the ongoing developments happening within the ETC ecosystem, as well as in the overall crypto market, we may see ETC reach new heights.

Bullish ETC price prediction 2021 is $80. As said above, it may even reach its new ATH if investors have decided that ETC is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

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