Ethereum Classic (ETC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has fallen 2.11% to $39.4.
InvestorsObserver gives Ethereum Classic a moderate volatility rank of 44, placing it in the bottom 44% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
ETC’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Ethereum Classic price is in a favorable position going forward. With support set at $37.66 and resistance set at $40.58. This positions Ethereum Classic with room to run before facing selling pressures.
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, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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