Ethereum Classic (ETC) Price Prediction 2022 — Will ETC Hit $100 Soon?

• Bullish ETC price prediction is $37.28 to $70.70.
• Ethereum Classic (ETC) price might also reach $100 soon.
• Bearish ETC price prediction for 2022 is $12.93.

In Ethereum Classic (ETC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about ETC to analyze the future movement of the cryptocurrency. 

Ethereum Classic (ETC) Current Market Status

According to CoinGecko, the price of Ethereum Classic (ETC) is $33.45 with a 24-hour trading volume of $545,350,336 at the time of writing. However, ETC has increased by nearly 4.3% in the last 24 hours. 

Moreover, Ethereum Classic (ETC) has a circulating supply of 136,657,141 ETC. Currently, Ethereum Classic (ETC) trades in cryptocurrency exchanges such as Binance, Upbit, OKX, Gate.io, WhiteBIT and Coinbase Exchange. 

What is Ethereum Classic (ETC)?

Ethereum Classic (ETC) is the native cryptocurrency that exists on the Ethereum Classic blockchain. Ethereum Classic is an open-source smart contracts-based platform that holds onto the original Ethereum blockchain. This sister chain of Ethereum was launched as a result of a controversial hard fork of Ethereum in July 2016.

Ethereum Classic secures its blockchain by the proof-of-work (PoW) consensus mechanism. It is merely the continuation of the pioneer Ethereum Chain. It allows developers and users to create dApps through lucrative smart contracts.

Ethereum Classic (ETC) Price Prediction 2022

Ethereum Classic (ETC) holds the 20th position on CoinGecko right now. ETC price prediction 2022 is explained below with a daily time frame.

In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Ethereum Classic (ETC) is in the range of $33.45. If the pattern continues, the price of ETC might reach the resistance levels of $38.14, and $45.56. If the trend reverses, then the price of ETC may fall to $29.95.

Ethereum Classic (ETC) Support and Resistance Levels

The chart below shows the support and resistance levels of Ethereum Classic (ETC).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Ethereum Classic (ETC).

Resistance Level 1	$37.28
Resistance Level 2	$51.95
Resistance Level 3	$70.70
Support Level 1	$26.27
Support Level 2	$18.51
Support Level 3	$12.93

The charts show that Ethereum Classic (ETC) has performed a bullish trend over the past month. If this trend continues, ETC might run along with the bulls overtaking its resistance level at $70.70.

Accordingly, if the investors turn against crypto, the price of Ethereum Classic (ETC) might plummet to almost $12.93, a bearish signal.

Ethereum Classic (ETC) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Ethereum Classic (ETC) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of ETC lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Ethereum Classic (ETC) is shown in the chart above. Notably,  Ethereum Classic (ETC) price lies above 50 MA (short-term), so it is completely in an uptrend. Currently, ETC has entered a bullish state. Therefore, there is a possibility of a reversal trend of ETC at any time.

Meanwhile, the relative strength index (RSI) of the ETC is 47.65. This means that Ethereum Classic (ETC) is nearly in an oversold state. However, this means a major price reversal of ETC may occur in the upcoming days. So, traders need to trade carefully. 

Ethereum Classic (ETC) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Ethereum Classic (ETC). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Ethereum Classic (ETC). Currently, the ADX of ETC lies in the range of 15.43 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Ethereum Classic (ETC). RVI measures the constant deviation of price changes over a period of time. The RVI of ETC lies above 50, indicating low volatility. In fact, the RSI of Ethereum Classic (ETC) is at 47.65 thus confirming a potential buy signal.

Comparison of ETC with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Ethereum Classic (ETC).

From the above chart, we can interpret the price action of ETC is similar to BTC. This indicates that when the price of BTC increases or decreases, the price of ETC also increases or decreases respectively.

Ethereum Classic (ETC) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Ethereum Classic (ETC) might probably attain $130 by 2023.

Ethereum Classic (ETC) Price Prediction 2024

With several upgrades in the network, Ethereum Classic (ETC) might enter a bullish trajectory. If the coin grabs the attention of major investors, ETC might rally to hit $160 by 2024. 

Ethereum Classic (ETC) Price Prediction 2025

If Ethereum Classic (ETC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, ETC would rally to hit $190.

Ethereum Classic (ETC) Price Prediction 2026

If Ethereum Classic (ETC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, ETC would rally to hit $220.

Ethereum Classic (ETC) Price Prediction 2027

If Ethereum Classic (ETC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, ETC would rally to hit $250.

Ethereum Classic (ETC) Price Prediction 2028

If Ethereum Classic (ETC) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, ETC would hit $280 in 2028.

Ethereum Classic (ETC) Price Prediction 2029

If investors flock in and continue to place their bets on Ethereum Classic (ETC), it would witness major spikes. ETC might hit $310 by 2029.

Ethereum Classic (ETC) Price Prediction 2030

With greater advancements in the Ethereum Classic ecosystem, the crypto community might continue to invest in ETC for the next 8 years and drive significant price rallies for the token. Hence, Ethereum Classic (ETC) might hit $340 by 2030.

Conclusion

With continuous improvements in the Ethereum Classic network, we can say that 2022 is a good year for ETC. For this reason, the bullish price prediction of Ethereum Classic (ETC) in 2022 is $70.70. On the other hand, the bearish price prediction of Ethereum Classic (ETC) price prediction for 2022 is $12.93.

Furthermore, with the advancements and upgrades to the Ethereum Classic ecosystem, the performance of ETC would help to reach above its current all-time high (ATH) of $167.09 very soon. But, it might also reach $100 if the investors believe that ETC is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You