ETC holds steady with sellers in control as RSI remains weak and no weekly support emerges

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Ethereum Classic down 0.34% this week

Highlights

Ethereum Classic (ETC) trades at $8.71, below the MA-20 at $9.04, MA-50 at $10.97, and MA-200 at $15.72, signaling persistent bearish pressure.
Daily MACD signals a strong sell, ADX confirms a robust downward trend, while sellers maintain control and momentum favors further downside.
Expect ETC to consolidate within $8.00–$9.00 this week; a close below $8.00 risks deeper declines, with sub-20% probability of a significant rebound.

Momentum weakens further as technical barriers reinforce bearish control

On the weekly chart, ETC is trading well below the MA-20, MA-50, and MA-200, reinforcing both short-term and long-term bearish sentiment. The nearest dynamic resistance is found near the Ichimoku Kijun at $9.50, while no weekly support is visible above the current level. Momentum indicators on the weekly timeframe show continued weakness: the RSI is at 38, suggesting bearish conditions just above oversold, and trend indicators confirm sellers remain in control.

Sideways or downward action likely as upside break remains elusive

For the next 5–7 trading days, ETC is likely to consolidate within a range of $8.00–$9.00. The probability of a sustained move higher remains low, while a break below $8.00 could accelerate further declines in line with prevailing technical signals. Unless ETC manages a decisive close above $9.00, bearish momentum is expected to persist with sideway or downward action favored.

Parshwa Turakhiya, analyst, notes that Ethereum Classic spent the past week under steady bearish pressure, staying firmly below its key weekly moving averages. He sees that sellers control momentum, with weak RSI readings and persistent downside signals shaping sentiment. The lack of any news or positive triggers keeps focus on technicals, pointing to sideways or lower price action between $8.00 and $9.00. Turakhiya believes a sustainable rebound is unlikely unless ETC decisively reclaims $9.00. "For now, I see opportunity only if $8.00 holds — otherwise, caution and capital protection remain my priority this week."

Previously it was reported that Harvard University's endowment reduced its Bitcoin ETF holdings by over 20% in Q4 2025, while establishing a substantial $86.8 million position in an Ethereum ETF, signaling a cautious diversification within digital assets amid ongoing market volatility. Last time, analysts noted that despite significant price declines and critical commentary regarding risk, institutional allocations to crypto—although relatively modest—continue to increase, positioning digital assets as an emerging alternative asset class within conservative portfolios.

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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