Ethereum Classic price prediction: Will resistance hold or ETC fall further?

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Ethereum Classic slides 9.35% today

Highlights

Ethereum Classic trades at $8.14, below all major moving averages (MA-20 at $8.6005, MA-50 at $10.1916, MA-200 at $15.0887), confirming strong downward pressure.
Momentum indicators (MACD, ADX) remain on sell signals and RSI sits at 44, supporting a bearish trend despite minor intraday buyer support.
Immediate resistance is $8.545 (Ichimoku Kijun); key range for next five days is $7.30–$8.90 with less than 20% probability of a price increase.

Sustained bearish momentum as sell signals dominate technicals

Technical momentum for ETC remains negative, with the price trading under major moving averages and facing immediate resistance from the Ichimoku Kijun at $8.545. MACD and ADX continue to register daily sell signals, confirming strong bearish momentum; RSI sits at 44 and is mildly bearish but not oversold. Stochastic RSI and CCI show neutral readings with oversold conditions on shorter intervals, while Bull/Bear Power provides only modest buyer support intraday. Despite some buyer activity, overall momentum indicators and current price action confirm that sellers remain firmly in control.

Sideways consolidation expected as volatility band holds

In the short term, ETC is expected to move within a volatility band of $7.30 to $8.90 over the next five trading days. Weekly indicators across all major metrics remain on sell signals, limiting the likelihood of any price rebound to under 20%. The most probable scenario is a sideways consolidation between $7.30 and $8.90. A break above $8.55 would open up a move toward $8.90, while a fall below $7.30 may extend losses toward the band’s lower edge.

Anton Kharitonov, expert at Traders Union, sees Ethereum Classic under sustained downward pressure as sellers dominate the market. He notes that all core technical indicators remain negative, and momentum is clearly bearish with little sign of reversal. Price action is likely to stay in consolidation between $7.30 and $8.90 unless key resistance at $8.55 is reclaimed. "Until we see ETC break above $8.55 and flip momentum, the base case remains defensive and any upside is likely to be short-lived."

Last time, analysts noted that Ethereum Classic is consolidating above its short-term moving average but remains pressured below key medium- and long-term averages, with technical signals reflecting sustained bearish momentum and immediate resistance at the $8.90 level. Downside risk prevails amid weak bullish attempts, with the price expected to remain range-bound between $7.00 and $9.00, as strong sell signals from MACD and ADX reinforce the likelihood of further decline or sideways movement.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.