Ethereum

Convergence

Ethereum Classic

Divergence

Ethereum Classic price forecast: ETH has emerged as a standout in the decentralized blockchain sector, with its price making a remarkable jump of 5% within a mere 24-hour window. Currently, the<a href="https://coingape.com/price/ethereum-classic/" rel="noopener noreferrer nofollow"> Ethereum Classic price</a> is trading at $36.41. This upward trajectory suggests a bullish trend is unfolding in the market for Ethereum Classic.
Ethereum Classic’s trading volume has seen a robust increase, soaring over 196% to reach $1.7 billion in the same time frame. This surge in trading activity points to a heightened interest from the cryptocurrency trading community. Positioned 22nd on <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/ethereum-classic/">CoinMarketCap</a>, Ethereum Classic boasts a live market capitalization of $5.17 billion, marking a significant milestone.
<figure id="attachment_184263" aria-describedby="caption-attachment-184263" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/Ethereum-price-forecast-e1709666350765.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-184263" src="https://coingape.com/wp-content/uploads/2024/03/Ethereum-price-forecast-e1709666350765.png" alt="Ethereum Classic Price Forecast: Will ETC Soar To $60 Mark By The End Of March?" width="1200" height="542"></a>
 <figcaption id="caption-attachment-184263" class="wp-caption-text">
 Ethereum Classic Price Forecast
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For the first time since September 2022, the price of Ethereum Classic has climbed past the $35 threshold, catching the eye of investors and traders. Recently, the currency has witnessed a substantial rise, appreciating more than 45% over the past month and over 28% in the last week, following a bullish breakthrough.
<h2 id="strong-ethereum-classic-price-forecast-bullish-trends-propel-etc-forward-strong">Ethereum Classic Price Forecast: Bullish Trends Propel ETC Forward</h2>
Market momentum for Ethereum Classic accelerated after it fluctuated within a higher trend band, ranging between $30 and $37 for about a week. This movement culminated in a push past the resistance level. The market’s optimism is mirrored in the broader cryptocurrency landscape, with <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> surpassing the $64,000 mark and <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> breaking the $3,400.
If the market maintains its current upward momentum, the price of <a href="https://coingape.com/blog/why-is-ethereum-classic-going-up/" rel="noopener noreferrer nofollow">Ethereum Classic</a> (ETC) might soon exceed the $40 level. This progress could set the stage for a rally toward the $50 resistance area. An extension of this bullish trend could even test the $60 resistance barrier. On the flip side, a negative shift in market sentiment could push ETC back down to the $30 support zone, with a further drop to $20 possible if the situation deteriorates.
<h2 id="strong-ethereum-classic-price-forecast-potential-for-further-growth-strong">Ethereum Classic Price Forecast: Potential for Further Growth</h2>
Technical analysis of daily trading charts presents a positive outlook for ETC’s short-term path. The Moving Average Convergence Divergence (MACD) indicator shows promising signs, with a significant bullish indication as the MACD line overtakes the signal line, suggesting it’s a good time to buy.
<figure id="attachment_184262" aria-describedby="caption-attachment-184262" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/ETCUSD_2024-03-05_22-03-45.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-184262" src="https://coingape.com/wp-content/uploads/2024/03/ETCUSD_2024-03-05_22-03-45.png" alt="Ethereum Classic Price Forecast: Will ETC Soar To $60 Mark By The End Of March?" width="1154" height="622" srcset="https://coingape.com/wp-content/uploads/2024/03/ETCUSD_2024-03-05_22-03-45.png 1154w, https://coingape.com/wp-content/uploads/2024/03/ETCUSD_2024-03-05_22-03-45-300x162.png 300w, https://coingape.com/wp-content/uploads/2024/03/ETCUSD_2024-03-05_22-03-45-768x414.png 768w, https://coingape.com/wp-content/uploads/2024/03/ETCUSD_2024-03-05_22-03-45-150x81.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-184262" class="wp-caption-text">
 Ethereum Classic Price Chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/6vszQi6v/">Tradingview</a>
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The market’s buying strength is further underscored by the Relative Strength Index (RSI), which has climbed above 70. This points to a stronger buying momentum compared to selling pressure. Additionally, the Awesome Oscillator is displaying green bars, reinforcing the bullish sentiment in the market.
The post <a href="https://coingape.com/markets/ethereum-classic-price-forecast-will-etc-soar-to-60-mark-by-the-end-of-march/" rel="noopener noreferrer nofollow">Ethereum Classic Price Forecast: Will ETC Soar To $60 Mark By The End Of March?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Ethereum Classic Price Forecast: Will ETC Soar To $60 Mark By The End Of March?

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