What will happen to Ethereum Classic?

Ethereum Classic (ETC) has breached the critical level of the 200-day Simple Moving Average (SMA), a technical indicator that often signifies a shift in market sentiment. This milestone indicates a prevailing bullish trend in the cryptocurrency market.

Despite the optimistic signal from the SMA 200 crossover, a comprehensive analysis of various factors influencing the Ethereum Classic price forecast leads to a contrasting conclusion. The current outlook for ETC's future value projections is cautiously pessimistic, or Bearish.

To attain a target price of $19.81 within the next five days, ETC would need to undergo a substantial appreciation. Specifically, the cryptocurrency would have to register an increase of approximately 8.05% from its current trading levels to reach this milestone.

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