Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week. A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause buyers to be “exhausted” and unable to sustain a further rally, yielding technical advantage to the bears once again. Moreover, the altcoin’s Bollinger Bands indicate that it is extremely volatile at the moment, making it susceptible to significant price swings that could happen in just a wink of an eye. This makes Ethereum Classic a more risky asset to trade or hold. Related Reading: Lido DAO Surges By More Than 57% in Just A Week – More Gains Up Ahead? Image: Coinpedia Ethereum Classic: A Quick Glance At Impressive Run According to latest tracking from Coingecko, at the time of writing, ETC was changing hands at $19.82. Although the crypto has declined by 2% over the last 24 hours, it is still enjoying a nearly 3 ..
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