ETC weekly forecast: downside risk remains as price targets $11.20 and key indicators oversold

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Ethereum Classic falls 2.45% this week

Highlights

Ethereum Classic's Olympia upgrade will introduce fee burning and enhanced governance, signaling fundamental network evolution planned for the near term.
Institutional interest persists via the Grayscale Ethereum Classic Trust (ETCG), but recent product volumes have declined compared to earlier periods.
Brale expanded cross-chain functionality for its USC stablecoin, supporting enterprise and compliance-focused use cases on the ETC blockchain.

Upgrade plans and institutional flows drive mixed sentiment this week

Ethereum Classic's network fundamentals continue to evolve, with the Olympia upgrade planned to introduce fee burning and enhanced governance mechanisms. Institutional interest remains as evidenced by ongoing activity in the Grayscale Ethereum Classic Trust (ETCG), though recent product volumes have decreased relative to previous periods. Additionally, Brale, a regulated stablecoin issuer, has expanded cross-chain functionality for its USC stablecoin, further supporting enterprise and compliance-focused applications on the ETC blockchain.

Persistent selling pressure as indicators confirm oversold conditions

Weekly technical indicators confirm a strong bearish bias for ETC. The price sits well under all key weekly moving averages, with the Ichimoku Kijun dynamic resistance at $16.26 and immediate support near the recent low of $11.15. Weekly momentum indicators such as MACD and ADX remain negative, though ADX points to weak trend strength. Oscillators, including RSI, Stoch RSI, and CCI, show ETC in oversold territory, while the BBP and Awesome Oscillator both align with the prevailing downward trend. Volatility was elevated, and the price closed nearer the weekly low than the high, underscoring persistent selling pressure.

Limited rebound potential as downside risk prevails for the week ahead

Looking ahead to the next 5–7 trading days, ETC is expected to trade within a range of $11.20 to $12.05. Momentum indicators suggest the likelihood of a significant rebound is low, projecting either further downward or sideways price action. If bullish momentum emerges unexpectedly, resistance levels at $12.05 and $13.00 could come into play, though current signals do not support a rally. A break below $11.20 would increase downside risk, potentially targeting support at the recent lows as sellers remain in control.

Previously it was noted that Ethereum Classic faced persistent selling pressure, with key oscillators — including RSI, Stochastic RSI, and CCI — deeply oversold. The article reported the probability of upward price movement in the coming week was very low, with downside risks dominating the short-term outlook.

Source of Data: ETC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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