After a Week of Bull Run, Ethereum Classic Faded by a Margin of 4.7% in The Intraday Trading

According to weekly statistics published on Saturn Network, around 1042 trades completed, 597 orders created, 35 new users spotted and 1188 ETC volume hiked in the last 7 days. It further elaborated the use of Ethereum Classic in handling Machine-to-Machine interactions and B2C smart contracts.

Ethereum Classic Price Analysis and Forecast:

On August 13, Ethereum Classic (ETC) was trading around 5.791 USD. Nevertheless, today after 25-days, the altcoin is trading with a bounce-back of 12.5%. In weekly charts as well, the crypto has strengthened by a margin of 3.57% from the market price of 6.284 USD on September 01. In yesterday’s trading; however, ETC has gone down by 4.73%. It opened, the other day, at 7.05 USD and wrapped the day at 6.72 USD.

Ethereum Classic Price Chart:

The crypto has been trading in the green zone for the entire last week; however, in the last two days, the coin has moved back in the lower side of the chart. For now, the immediate resistance for the altcoin is at 6.95 USD and the support level is at 6.45 USD.

The weekly analysis by Saturn Network signifies that the crypto is making a regular movement. As far as trend is concerned, it is clear that for a couple of days, the digital coin will most probably be hovering in the red one. In that case, it is advisable to avoid trading in the short term.