Ethereum Classic Price Prediction for Today, February 6 – ETC Technical Analysis

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The Ethereum Traditional worth prediction reveals that ETC is prone to head towards the higher boundary of the channel after a fast retracement.

Ethereum Traditional (ETC): Exploring Upside Potential

In anticipation of a possible Ethereum ETF in Could 2024, Ethereum Traditional (ETC) emerges as a compelling selection attributable to its potential for vital worth actions. With a smaller market capitalization in comparison with Ethereum (ETH), Ethereum Traditional (ETC) affords higher potential for beneficial properties. The present worth of round $24.56 suggests the potential for an upward development continuation, supported by its resilience above the 38.20% Fibonacci stage at $23.24.

Ethereum Traditional Prediction Statistics Knowledge:

Ethereum Traditional worth now – $24.5
Ethereum Traditional market cap – $3.6 billion
Ethereum Traditional circulating provide – 145.4 million
Ethereum Traditional complete provide – 210.7 million
Ethereum Traditional Coinmarketcap rating – #28

ETC/USD Market

Key Ranges:

Resistance ranges: $30, $32, $34

Assist ranges: $19, $17, $15

ETCUSD – Day by day Chart

ETC/USD is at present recovering above the opening worth of $24.2 and it’s prone to climb above $25 quickly if the bulls enhance the shopping for stress. In the meantime, the Ethereum Traditional worth is prone to cross above the 9-day and 21-day transferring averages for bulls to dominate the market.

Ethereum Traditional Worth Prediction: ETC Might Hit $25 Degree

The Ethereum Traditional worth might cross above the 9-day and 21-day transferring averages to proceed the bullish motion. Nevertheless, if ETC/USD breaks towards the higher boundary of the channel, it may go to an essential resistance at $26. Nevertheless, a profitable break above this stage may open one other enhance above the $28 stage. The worth is prone to rise towards the $30, $32, and $34 resistance ranges within the subsequent optimistic path.

However, because the 9-day MA hovers above the 21-day MA, the market might quickly break to the upside however sliding towards the decrease boundary of the channel may contact the $22 assist. The following main assist is beneath the decrease boundary of the channel, the place the bulls are prone to take a robust stand however any additional losses may lead the worth to $19, $17, and $15 assist ranges.

ETC/BTC Consolidates Throughout the Channel

In opposition to Bitcoin, the Ethereum Traditional worth is now hovering beneath the 9-day and 21-day transferring averages, aiming to move towards the higher boundary of the channel. In the meantime, the market worth might stay beneath the transferring averages if the bears enhance the stress but when the 9-day MA crosses above the 21-day MA, this may very well be a bullish motion affirmation.

Ethereum Classic Price Prediction for Today, February 6 – ETC Technical Analysis — ETCBTC – Day by day Chart

Nevertheless, if the worth breaks towards the higher boundary of the channel, bulls may push the market again to the resistance stage of 7500 SAT. Furthermore, if the worth stays above this stage, merchants might anticipate a direct resistance at 7700 SAT and above. However, sliding beneath the decrease boundary of the channel might find the assist stage at 4100 SAT and beneath.

However, whereas indicators recommend a promising future, @EtcHebeBlock, sharing insights together with his 10k+ followers on X (previously Twitter), stays optimistic concerning the coin’s potential for a 100x enhance in Complete Worth Locked (TVL). Regardless of ETC’s present market capitalization of $3.6 billion, the TVL stands at $710,996, indicating vital room for progress.

The present market capitalization of ETC is $3.585 billion, however the TVL is $710,996.

We consider there’s nonetheless a 100x potential for TVL progress.#ETCArmy #ETC $ETC #EthereumClassic pic.twitter.com/ychxGky1jK

— HebeSwap (@EtcHebeBlock) February 4, 2024

Ethereum Traditional Options

The Ethereum Traditional (ETC) worth is poised to surpass key transferring averages, doubtlessly going through resistance close to $26. A breakthrough above this stage may result in additional beneficial properties above $28. Nevertheless, Ethereum Traditional demonstrates market energy with a $3.6 billion market cap. In the meantime, Bitcoin Minetrix ($BTCMTX) exhibits promising potential with a presale valuation of $10.3 million, indicating robust investor confidence in its future progress.

Bitcoin Minetrix ICO Reaches $10M Milestone: Might This Be the Subsequent Crypto Gem with 10X Potential?

Bitcoin Minetrix is gaining consideration attributable to its modern Stake-to-Mine characteristic, which permits BTCMTX holders to stake tokens for cloud mining credit. These credit will be burned to entry mining energy, democratizing crypto mining and increasing reward alternatives. With its ongoing ICO gaining momentum, Bitcoin Minetrix presents a horny choice for traders looking for property with long-term potential.

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