Ethereum Classic (ETC) Price Prediction 2023-2030: Will ETC reach $50 Soon?
- Bullish Ethereum Classic (ETC) price prediction ranges from $20 to $50.
- Analysis suggests that the Ethereum Classic price might reach above $43.
- The Ethereum Classic bearish market price prediction for 2023 is $11.
Table of contents
- What is Ethereum Classic (ETC)?
- Ethereum Classic (ETC) Market Overview
- Ethereum Classic (ETC) Current Market Status
- Ethereum Classic (ETC) Price Analysis 2023
- Ethereum Classic (ETC) Price Analysis – Bollinger Bands
- Ethereum Classic (ETC) Price Analysis – Relative Strength Index
- Ethereum Classic (ETC) Price Analysis – Accumulation and Distribution Line
- Ethereum Classic Price Prediction 2023-2030 Overview
- Ethereum Classic (ETC) Price Prediction 2023
- Ethereum Classic (ETC) Price Prediction – Resistance and Support Levels
- Ethereum Classic (ETC) Price Prediction 2024
- Ethereum Classic (ETC) Price Prediction 2025
- Ethereum Classic (ETC) Price Prediction 2026
- Ethereum Classic (ETC) Price Prediction 2027
- Ethereum Classic (ETC) Price Prediction 2028
- Ethereum Classic (ETC) Price Prediction 2029
- Ethereum Classic (ETC) Price Prediction 2030
- Ethereum Classic (ETC) Price Prediction 2040
- Ethereum Classic (ETC) Price Prediction 2050
- Conclusion
- FAQ
- More Crypto Price Predictions:
What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a cryptocurrency that was created in 2016 as a result of a hard fork of the original Ethereum blockchain. The fork was initiated due to a disagreement among members of the Ethereum community over how to handle a security breach on the network. As a result, some members decided to split off and continue to support the original Ethereum blockchain, which became known as Ethereum Classic.
Similar to Ethereum, Ethereum Classic is a decentralized, open-source blockchain platform that enables the creation and execution of smart contracts and decentralized applications (DApps). It is based on the same technology as Ethereum, which is the Ethereum Virtual Machine (EVM).
One of the main differences between Ethereum Classic and Ethereum is the approach to governance. Ethereum Classic follows a more decentralized approach, where decisions are made through a community-driven process. In contrast, Ethereum is guided by a foundation and a team of developers.
ETC is mined through the proof-of-work consensus algorithm, which is the same mechanism used by Bitcoin. This means that miners compete to solve complex mathematical problems to validate transactions and receive a reward ETC.
ETC has experienced several price fluctuations since its inception, with highs and lows in response to market demand and external factors. As of March 2023, ETC has a market capitalization of approximately $2 billion and a circulating supply of over 130 million tokens.
Despite facing some challenges and controversies in the past, Ethereum Classic continues to attract a community of developers and users who believe in its potential to serve as a reliable and decentralized blockchain platform for DApps and smart contracts.
Ethereum Classic (ETC) Market Overview
| 🪙 Name | Ethereum Classic |
| Symbol | etc |
| Rank | #29 |
| Price | $15.58 |
| Price Change (1h) | 0.02235 % |
| Price Change (24h) | -0.31971 % |
| Price Change (7d) | 1.87039 % |
| Market Cap | $2233167021 |
| All Time High | $167.09 |
| All Time Low | $0.615038 |
| Circulating Supply | 143202119.751 etc |
| Total Supply | 210700000 etc |
Ethereum Classic (ETC) Current Market Status
The maximum supply of Ethereum Classic (ETC) is 210,700,000 ETC, while its circulating supply is 143,230,514 ETC, according to CoinMarketCap. At the time of writing, Ethereum Classic is trading at $15.42 representing 24 hours increase of 2.37%. The trading volume of Ethereum Classic in the past 24 hours is $107,780,235 which represents a 132.37% increase.
Some top cryptocurrency exchanges for trading Ethereum Classic are Binance, OKEx, and Huobi Global.
Now that you know Ethereum Classic and its current market status, we shall discuss the price analysis of Ethereum Classic (ETC) for 2023.
Ethereum Classic (ETC) Price Analysis 2023
Will the Ethereum Classic blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect ETC’s sentiment over time? Read more to find out about Ethereum Classic’s 2023 price analysis.
Ethereum Classic (ETC) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.
The above chart displays that Ethereum Classic has had some jagged movements in the past. It had periods of hugging the upper band before retracing and also had a time when it continuously touched the lower band before retracing. Currently, ETC is retracing after touching the lower band. There seems to be some buying pressure building for ETC and there is a high possibility that Ethereum Classic could reach the upper Bollinger band. Since the bands are narrowing, there could be consolidation for ETC. However, this consolidation could be the calm before the storm.
On the above chart, the Bollinger band super trend indicator shows the uptrend in green patches while it shows the downtrend in red patches. Currently, it could be noted that ETC is in a downtrend. Since the diagonally falling price of ETC has straightened and is moving horizontally, there could be a change in trend awaiting ETC. Moreover, the Bollinger bandwidth percentile indicator reads a value of 9.92% and keeps going down. This could be an indication that just before the bands widen, there could be more consolidation.
Ethereum Classic (ETC) Price Analysis – Relative Strength Index
The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions.
When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.
The above chart shows the Relative Strength Index indicator reads a value of 49.63. The RSI is above the Signal line and seems to be moving upwards. Since the RSI value is neither overbought nor oversold, the ETC trend could be considered strong.
Currently, ETC seems to be rising and if the bulls keep entering the market then ETC may reach the resistance level indicated in red. The RSI divergence reads a value of 47 and it is in the safe zone. Since it’s neither overbought nor oversold, there seems to be no divergence.
Ethereum Classic (ETC) Price Analysis – Accumulation and Distribution Line
The Accumulation and Distribution Line (ADL) is an indicator that relies upon the price and the volume of the cryptocurrency to find out how strong the current trend is. Generally, if there is a price rise then the ADL should also rise along with the price. When the preceding happens then there is an assurance that the price rise is being supported by volume. However, when the ADL falls while the price rises, then, it shows that the price change is not supported by volume and the trend is weak.
The accumulation distribution line on the chart reads a value of 235M and the line continues to be going up. As per the indication of the line, there is a high chance that the buying or accumulation of ETC could keep increasing. As such, the price at which ETC is present may be supported by volume.
The ADL price ratio indicator which has a price percent and ADL percent shows the correlation between the price and the ADL. Currently, the ADL (red line) and the Price (yellow) are moving in opposite directions. The Price percent line is making higher highs while the ADL percent is making lower highs. When the two lines move in opposing directions then it is divergence. This in particular is a bullish divergence. The Bear power is at zero while the bull power is -0.02, indicating that the bears are stronger.
Ethereum Classic Price Prediction 2023-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $25 | $43 | $55 |
| 2024 | $40 | $51.75 | $75 |
| 2025 | $150 | $226 | $350 |
| 2026 | $70 | $91 | $150 |
| 2027 | $80 | $125 | $180 |
| 2028 | $125 | $182.5 | $250 |
| 2029 | $200 | $356 | $450 |
| 2030 | $250 | $310 | $400 |
| 2040 | $650 | $715.7 | $900 |
| 2050 | $800 | $1,107 | $1,200 |
Ethereum Classic (ETC) Price Prediction 2023
Looking at the above chart, we can see that ETC is trading inside a falling wedge. It made lower lows and lower highs since February 2023. Once Ethereum Classic breaks out from the falling wedge, there is a high chance that it could test the resistance level at $23.5 first. And, if the bulls are still dominant, then, there is a high chance that ETC could breach the above-stated resistance and reach the resistance at $43. Contrastingly, if ETC starts to crash it may seek assistance from the support level at $10.93.
Ethereum Classic (ETC) Price Prediction – Resistance and Support Levels
The above chart shows the drastic spike that Ethereum Classic had in May 2021. This could have been the aftermath of BTC halving. However, just after a brief period, ETC started to crash again. It fell just below the 1:1 Gann line Although the 0.6 fib retracement level tried to support the ETC when it was falling, the bears were too strong, hence ETC crashed below until it reached $15. Thereafter, since July ETC has been fluctuating in a price range between $
20- $40.
Ethereum Classic (ETC) Price Prediction 2024
There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for Ethereum Classic based on the previous halving. Hence, we could expect Ethereum Classic (ETC) to trade at a price, not below $51.75 by the end of 2024.
Ethereum Classic (ETC) Price Prediction 2025
Ethereum Classic may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Ethereum Classic will continue to rise in 2025 forming new resistance levels. It is expected that Ethereum Classic (ETC) will trade beyond the $226 level.
Ethereum Classic (ETC) Price Prediction 2026
It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, the Ethereum Classic could tumble into its support regions. During this period of price correction, Ethereum Classic could lose momentum and be way below its 2025 price. As such, it could be trading at $91 by 2026.
Ethereum Classic (ETC) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in ETC. As such, we could expect Ethereum Classic (ETC) to trade at around $125 by the end of 2027.
Ethereum Classic (ETC) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Ethereum Classic may reciprocate its past behavior during the BTC halving. Hence, Ethereum Classic (ETC) would be trading at $182.5 after experiencing a considerable surge by the end of 2028.
Ethereum Classic (ETC) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Ethereum Classic (ETC) could be trading at $356 by the end of 2029.
Ethereum Classic (ETC) Price Prediction 2030
After witnessing a bullish run in the market, Ethereum Classic and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Ethereum Classic (ETC) could be trading at $310.
Ethereum Classic (ETC) Price Prediction 2040
The long-term forecast for Ethereum Classic indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point.
If they start selling then Ethereum Classic could fall in value. It is expected that the average price of Ethereum Classic (ETC) could reach $715.7 by 2040.
Ethereum Classic (ETC) Price Prediction 2050
Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Ethereum Classic (ETC) could reach $1,107.
Conclusion
If investors continue showing their interest in Ethereum Classic and add these Coins to their portfolio, it could continue to rise. ETC’s bullish price prediction shows that it could reach the $43 level.
FAQ
Ethereum Classic (ETC) is a cryptocurrency that was created in 2016 as a result of a hard fork of the original Ethereum blockchain. The fork was initiated due to a disagreement among members of the Ethereum community over how to handle a security breach on the network. As a result, some members decided to split off and continue to support the original Ethereum blockchain, which became known as Ethereum Classic. ETC is mined through the proof-of-work consensus algorithm, which is the same mechanism used by Bitcoin. This means that miners compete to solve complex mathematical problems to validate transactions and receive a reward ETC.
Ethereum Classic can be traded on many exchanges like other digital assets in the crypto world. Binance, Coinbase, Kucoin, Gate.io, and Huobi Global are currently the most popular cryptocurrency exchanges for trading ETC.
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 2027.
Ethereum Classic is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, Ethereum Classic might reach $43 soon.
ETC is expected to continue its upward trend as one of the fastest-rising cryptocurrencies for its mining rewards. We may also conclude that ETC is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest ETC price is $0.4524, attained on July 25, 2016, according to CoinMarketCap.
Vitalik Buterin and Gavin Wood co-founded ETC.
The maximum supply of ETC is 210,700,000 ETC.
It was launched in July 2015.
Ethereum Classics can be stored in a cold wallet, hot wallet, or exchange wallet.
Ethereum Classic is expected to reach $43 by 2023.
Ethereum Classic is expected to reach $51.75 by 2024.
Ethereum Classic is expected to reach $226 by 2025.
Ethereum Classic is expected to reach $91 by 2026.
Ethereum Classic is expected to reach $125 by 2027.
Ethereum Classic is expected to reach $182.5 by 2028.
Ethereum Classic is expected to reach $356 by 2029.
Ethereum Classic is expected to reach $310 by 2030.
Ethereum Classic is expected to reach $7115 by 2040.
Ethereum Classic is expected to reach $1,107 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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