Ethereum Classic was being traded at $8.06 on July 4, 2019, with the bullish trend, soon started to drop and reached $5.28 with a 34% fall as on July 17, 2019. It continued to be traded close to $6 mark until August 21, 2019. With a sharp rise, ETC price reached $7.57 on August 22, but dipped down by 23% and reached $5.83 on August 30. On September 25, there was a dip of 27.76% with the price dropping to $4.68. After this drop, the bullish trend ended and the bears have ever since started to dominate the coin.
As per the price evaluation of Ethereum Classic since December 17, 2019, it shows an uptrend by 33.54%. It may rise in the near-term and reach near its next resistance $5.81.
Trade99’s analysts recommend to invest money in purchasing new coins and retain the same for the long term. CMF indicator also reflects the bearish stance for ETC. The previous six months’ performance for the coin presents the bearish trend from July till September 25, 2019, post which the bulls are controlling it. Since the end of September 2019 till the present date, the movement for ETC has been almost constant without any drastic rise or fall noted.