Friday, December 9, 2022
 

Ethereum Classic (ETC) Price Prediction: Will ETC reach $70 in 2022?

  • Bullish ETC price prediction ranges from $40.94 to $60.64.
  • ETC price might also reach $70 this 2022.
  • ETC’s bearish market price prediction for 2022 is $13.31.

Ethereum Classic blockchain is a blockchain project that is in existence to preserve the original state of the codes that were used in the creation of Ethereum. The native token of the Ethereum Classic blockchain is denoted with ETC.

Ethereum Classic (ETC) investors are bullish on the coin since it has had a return on investment (ROI) of 62 times in the past 6 years. The recent crypto winter in the first half of 2022 led to a decrease in the price of ETC after it attained a present all-time high (ATH) price of $176.16 in May 2021. Most top hodlers of ETC are positive about its future.

If you are interested in the future of Ethereum Classic(ETC) and would want to know the price analysis and price prediction of ETC for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Ethereum Classic (ETC)?

Ethereum Classic (ETC) was launched in July 2015 by co-founders made up of Vitalik Buterin, and Gavin Wood. It is open-sourced and allows developers to contribute to it.

Presently, the number of transactions per second (TPS) within the Ethereum Classic blockchain is 15. The inability of special interests to compromise the smart contract platform of Ethereum Classic (ETC) is enabled because it combines Ethereum (ETH) and Bitcoin (BTC) technologies. This is because of its belief that the Code is Law.

The decentralized nature of the Ethereum Classic blockchain has enabled decentralized applications (DApps) creators to launch projects without being censored.

Ethereum Classic (ETC) Current Market Status

The total supply of Ethereum Classic (ETC) at the moment is 210,700,000 ETC while the circulation supply is 136,282,588 ETC. At the time of writing, ETC is trading for $38.75 which represents a 24 hours increase of 4.94%. The trading volume of Ethereum Classic in the past 24 hours is $1.581 billion which represents a 375.61% increase.

Some of the top cryptocurrencies for trading Ethereum Classic (ETC) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Huobi Global, and others.

Now that you have known what Ethereum Classic (ETC) is and its current market status, we shall discuss the price analysis of Ethereum Classic (ETC) for 2022.

Ethereum Classic (ETC) Price Analysis 2022

Currently, ETC is ranked in the 19th position on CoinMarketCap. Will developments and upgrades within the Ethereum Classic blockchain lead to rising in the price of Ethereum Classic (ETC)? We shall see this in this CoinEdition price analysis 2022 article.

Ethereum Classic (ETC) Price Analysis- Keltner Channel

ETC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
ETC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Ethereum Classic (ETC), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of ETC might be sustained before any reversal would be expected.

Ethereum Classic (ETC) Price Analysis- Relative Strength Index

ETC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
ETC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Ethereum Classic (ETC) 1day chart of ETC/USDT is at 68.94 This shows that ETC is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Ethereum Classic (ETC) Price Prediction-Moving Averages

ETC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
ETC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of Ethereum Classic (ETC) 200-day and 100-day Moving Average (MA). Presently, ETC is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and below the recently formed candlesticks, the price of Ethereum Classic (ETC) might experience a big rise or fall in the future.

Ethereum Classic (ETC) Price Prediction 2022

ETC/USDT 1Day Chart (Source: Tradingview)
ETC/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Ethereum Classic (ETC) was ranging between $52.45 at the resistance3 level and $40.94 at the resistance1 level, in the past few months, and then touched the $13.31 support1 level and $33.91 support1 level.

Irrespective of this sideways movement in the price of ETC, we can deduce the following:

  1. The price of Ethereum Classic (ETC) is expected to reverse at the $40.94 resistance1 level, due to the formation of a double top. If investors have their way, the price of ETC could surge higher above the resistance3 level due to the formation of a triple top.
  2. The reversal at the resistance1 level, could lead to a further decrease in the price of ETC up to the support4 level at $13.31, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term ETC price prediction for 2022 is bullish since it might break many psychological resistances. We can expect ETC to reach $70 this year.

Ethereum Classic (ETC) Price Prediction-Resistance and Support Levels

ETC/USDT 1Day Chart (Source: Tradingview)
ETC/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of ETC has increased by 55.3% in the past 14 days. If this price increase continues, ETC could break the $40.94 resistance1 level and move higher to $60.64 at the resistance4 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of ETC might be dethroned from its present uptrend position. In simpler terms, Ethereum Classic might trend below the $13.31 support5 level, and even lower in 2022, a bearish signal.

Ethereum Classic (ETC) Price Prediction 2023

Ethereum Classic (ETC) might hit $100 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of ETC will see rapid growth to $80. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more ETC thereby reducing its volume in circulation. This could make the price of ETC reach $100 shortly.

Ethereum Classic (ETC) Price Prediction 2024

Ethereum Classic (ETC) price could hold 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 $200, making it not plummet but play consistently. Additionally, this could only be possible if ETC breaks through past psychological resistance levels.

Ethereum Classic (ETC) Price Prediction 2025

Ethereum Classic (ETC) prices might grow past $400 during the next three years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2026

Ethereum Classic (ETC) prices might grow past $600 during the next four years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2027

Ethereum Classic (ETC) prices might grow past $800 during the next five years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2028

Ethereum Classic (ETC) prices might grow past $1000 during the next six years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2029

Ethereum Classic (ETC) prices might grow past $1000 during the next seven years. Furthermore, hitting this level might not be so tough for ETH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2030

Ethereum Classic (ETC) prices might grow past $4000 during the next eight years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Ethereum Classic might reach $70 in 2022 and $4000 by 2030 if investors have decided that ETC is a good investment along with mainstream cryptocurrencies like Bitcoin.

FAQ

What is Ethereum Classic (ETC)?

Is the native token of the Ethereum Classic blockchain.

How to buy Ethereum Classic Token?

Like other cryptocurrencies, Ethereum Classic (ETC) can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, FTX, Huobi Global, and others.

Will Ethereum Classic surpass its present ATH?

Since Ethereum Classic provides its investors with mining rewards, it has a low possibility of surpassing its present all-time high (ATH) price of $176.16 in 2022.

When was Ethereum Classic launched?

It was launched in July 2015.

What will be the Ethereum Classic (ETC) price by 2023?

Ethereum Classic (ETC) price is expected to reach $100 by 2023.

What will be the Ethereum Classic (ETC) price by 2024?

Ethereum Classic (ETC) price is expected to reach $200 by 2024.

What will be the Ethereum Classic (ETC) price by 2025?

Ethereum Classic (ETC) price is expected to reach $400 by 2025.

What will be the Ethereum Classic (ETC) price by 2026?

Ethereum Classic (ETC) price is expected to reach $600 by 2026

What will be the Ethereum Classic (ETC) price by 2027?

Ethereum Classic (ETC) price is expected to reach $800 by 2027.

What will be the Ethereum Classic (ETC) price by 2028?

Ethereum Classic (ETC) price is expected to reach $1000 by 2028.

What will be the Ethereum Classic (ETC) price by 2029?

Ethereum Classic (ETC) price is expected to reach $2000 by 2029.

What will be the Ethereum Classic (ETC) price by 2030?

Ethereum Classic (ETC) price is expected to reach $4000 by 2030.

More Crypto Price Predictions:

  • Bullish ETC price prediction ranges from $40.94 to $60.64.
  • ETC price might also reach $70 this 2022.
  • ETC’s bearish market price prediction for 2022 is $13.31.

Ethereum Classic blockchain is a blockchain project that is in existence to preserve the original state of the codes that were used in the creation of Ethereum. The native token of the Ethereum Classic blockchain is denoted with ETC.

Ethereum Classic (ETC) investors are bullish on the coin since it has had a return on investment (ROI) of 62 times in the past 6 years. The recent crypto winter in the first half of 2022 led to a decrease in the price of ETC after it attained a present all-time high (ATH) price of $176.16 in May 2021. Most top hodlers of ETC are positive about its future.

If you are interested in the future of Ethereum Classic(ETC) and would want to know the price analysis and price prediction of ETC for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Ethereum Classic (ETC)?

Ethereum Classic (ETC) was launched in July 2015 by co-founders made up of Vitalik Buterin, and Gavin Wood. It is open-sourced and allows developers to contribute to it.

Presently, the number of transactions per second (TPS) within the Ethereum Classic blockchain is 15. The inability of special interests to compromise the smart contract platform of Ethereum Classic (ETC) is enabled because it combines Ethereum (ETH) and Bitcoin (BTC) technologies. This is because of its belief that the Code is Law.

The decentralized nature of the Ethereum Classic blockchain has enabled decentralized applications (DApps) creators to launch projects without being censored.

Ethereum Classic (ETC) Current Market Status

The total supply of Ethereum Classic (ETC) at the moment is 210,700,000 ETC while the circulation supply is 136,282,588 ETC. At the time of writing, ETC is trading for $38.75 which represents a 24 hours increase of 4.94%. The trading volume of Ethereum Classic in the past 24 hours is $1.581 billion which represents a 375.61% increase.

Some of the top cryptocurrencies for trading Ethereum Classic (ETC) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Huobi Global, and others.

Now that you have known what Ethereum Classic (ETC) is and its current market status, we shall discuss the price analysis of Ethereum Classic (ETC) for 2022.

Ethereum Classic (ETC) Price Analysis 2022

Currently, ETC is ranked in the 19th position on CoinMarketCap. Will developments and upgrades within the Ethereum Classic blockchain lead to rising in the price of Ethereum Classic (ETC)? We shall see this in this CoinEdition price analysis 2022 article.

Ethereum Classic (ETC) Price Analysis- Keltner Channel

ETC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
ETC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Ethereum Classic (ETC), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of ETC might be sustained before any reversal would be expected.

Ethereum Classic (ETC) Price Analysis- Relative Strength Index

ETC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
ETC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Ethereum Classic (ETC) 1day chart of ETC/USDT is at 68.94 This shows that ETC is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Ethereum Classic (ETC) Price Prediction-Moving Averages

ETC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
ETC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of Ethereum Classic (ETC) 200-day and 100-day Moving Average (MA). Presently, ETC is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and below the recently formed candlesticks, the price of Ethereum Classic (ETC) might experience a big rise or fall in the future.

Ethereum Classic (ETC) Price Prediction 2022

ETC/USDT 1Day Chart (Source: Tradingview)
ETC/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Ethereum Classic (ETC) was ranging between $52.45 at the resistance3 level and $40.94 at the resistance1 level, in the past few months, and then touched the $13.31 support1 level and $33.91 support1 level.

Irrespective of this sideways movement in the price of ETC, we can deduce the following:

  1. The price of Ethereum Classic (ETC) is expected to reverse at the $40.94 resistance1 level, due to the formation of a double top. If investors have their way, the price of ETC could surge higher above the resistance3 level due to the formation of a triple top.
  2. The reversal at the resistance1 level, could lead to a further decrease in the price of ETC up to the support4 level at $13.31, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term ETC price prediction for 2022 is bullish since it might break many psychological resistances. We can expect ETC to reach $70 this year.

Ethereum Classic (ETC) Price Prediction-Resistance and Support Levels

ETC/USDT 1Day Chart (Source: Tradingview)
ETC/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of ETC has increased by 55.3% in the past 14 days. If this price increase continues, ETC could break the $40.94 resistance1 level and move higher to $60.64 at the resistance4 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of ETC might be dethroned from its present uptrend position. In simpler terms, Ethereum Classic might trend below the $13.31 support5 level, and even lower in 2022, a bearish signal.

Ethereum Classic (ETC) Price Prediction 2023

Ethereum Classic (ETC) might hit $100 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of ETC will see rapid growth to $80. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more ETC thereby reducing its volume in circulation. This could make the price of ETC reach $100 shortly.

Ethereum Classic (ETC) Price Prediction 2024

Ethereum Classic (ETC) price could hold 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 $200, making it not plummet but play consistently. Additionally, this could only be possible if ETC breaks through past psychological resistance levels.

Ethereum Classic (ETC) Price Prediction 2025

Ethereum Classic (ETC) prices might grow past $400 during the next three years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2026

Ethereum Classic (ETC) prices might grow past $600 during the next four years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2027

Ethereum Classic (ETC) prices might grow past $800 during the next five years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2028

Ethereum Classic (ETC) prices might grow past $1000 during the next six years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2029

Ethereum Classic (ETC) prices might grow past $1000 during the next seven years. Furthermore, hitting this level might not be so tough for ETH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Ethereum Classic (ETC) Price Prediction 2030

Ethereum Classic (ETC) prices might grow past $4000 during the next eight years. Furthermore, hitting this level might not be so tough for ETC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ETC has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Ethereum Classic might reach $70 in 2022 and $4000 by 2030 if investors have decided that ETC is a good investment along with mainstream cryptocurrencies like Bitcoin.

FAQ

What is Ethereum Classic (ETC)?

Is the native token of the Ethereum Classic blockchain.

How to buy Ethereum Classic Token?

Like other cryptocurrencies, Ethereum Classic (ETC) can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, FTX, Huobi Global, and others.

Will Ethereum Classic surpass its present ATH?

Since Ethereum Classic provides its investors with mining rewards, it has a low possibility of surpassing its present all-time high (ATH) price of $176.16 in 2022.

When was Ethereum Classic launched?

It was launched in July 2015.

What will be the Ethereum Classic (ETC) price by 2023?

Ethereum Classic (ETC) price is expected to reach $100 by 2023.

What will be the Ethereum Classic (ETC) price by 2024?

Ethereum Classic (ETC) price is expected to reach $200 by 2024.

What will be the Ethereum Classic (ETC) price by 2025?

Ethereum Classic (ETC) price is expected to reach $400 by 2025.

What will be the Ethereum Classic (ETC) price by 2026?

Ethereum Classic (ETC) price is expected to reach $600 by 2026

What will be the Ethereum Classic (ETC) price by 2027?

Ethereum Classic (ETC) price is expected to reach $800 by 2027.

What will be the Ethereum Classic (ETC) price by 2028?

Ethereum Classic (ETC) price is expected to reach $1000 by 2028.

What will be the Ethereum Classic (ETC) price by 2029?

Ethereum Classic (ETC) price is expected to reach $2000 by 2029.

What will be the Ethereum Classic (ETC) price by 2030?

Ethereum Classic (ETC) price is expected to reach $4000 by 2030.

More Crypto Price Predictions:

 

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