The Crypto market is gradually gaining the attention of investors from industries. To draw newcomers to the market, new cryptocurrency projects are being developed on the market. Ethereum Classic (ETC) is one of these projects that is able to allow developers to develop and run smart contracts.
ETC was down by roughly 5% in the last two days. While this might seem like a small drop, the key takeaway was that it threatened to push the price back into the narrow support and resistance range. A bullish argument is made by Ethereums shark and whale addresses. The optimism of being in the final leg of the year, and the fast-approaching holiday season and new year. The price volatility of this crypto has reduced. This could boost the social sentiments of investors and traders. Which would uplift the price up to a maximum of $22.30 by the end of the year.
- Ethereum Classic Price Prediction 2023 analysed by Coinpedia is maximum of $26.99 by the end of 2023.
- ETC could cross the $150 mark by 2030
Ultimately, Santiment summarizes:
Overall, Ethereums on-chain and social metrics are about as mixed as the crowds perspective is. [
]Long-term? [
] Ethereum is very likely closer to its upcoming 3-year low vs. its 3-year high. But are we at maximal pain? Probably not yet.