Ethereum Classic Price Analysis — March 22

Ethereum Classic Price Analysis — March 22

According to a recent report, more women in India are getting involved with cryptocurrencies than ever before.

A popular cryptocurrency exchange in India, ZebPay, noted that the average ticket size of women investors grew to Rs 5.7 lakh between September and February, compared to Rs 3 lakh between March and August last year.

The cryptocurrency exchange reported that about 15% of its investors were women, with a monthly average of 4 lakh per investor. The CMO of ZebPay, Vikram Rangala, stated that “our target is to get the women investor base to 25 percent within a year.” That said, the report highlighted that most women investors in India were from Maharashtra, Uttar Pradesh, Haryana, Rajasthan, and Delhi.

Rangala also noted that women are a more careful investor group compared to men and that the company wants to evaluate the risk and customize a risk management strategy around it. The CMO added that “our women investors are mid-career professionals. Our data shows that women currently invest 1-5 percent of their savings in crypto.” Data shows that about 46 percent of women investors on ZebPay are between the ages of 26-35, while 45 percent are above 35.

Key ETC Levels to Watch — March 22
Ethereum Classic (ETC) has returned to its consolidation state after falling from its monthly high at $14.38. The cryptocurrency has been ranging between $12.75 high and $11.67 low for the past seven days. That said, a dip from its current price ($12.16) would get strongly repelled by the $11.67 pivot point.

ETCUSD – 4-Hour Chart

Nonetheless, in the absence of sufficient trading volume, ETC will continue ranging between our proposed pivot zone ($12.75-$11.67), except a spike in the cryptocurrency market at large bails it out.

Meanwhile, our resistance levels are at $12.75, $13.00, and $14.00, and our support levels are at $12.00, $11.67, and $11.00.

Total Market Capitalization: $1.79 trillion

Ethereum Classic Market Capitalization: $1.4 billion

Ethereum Classic Dominance: 0.078%

 

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.