ETC drops as sellers maintain control below all major moving averages and key resistance at $9.55

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Ethereum Classic slips 1.18% this week

Highlights

Ethereum Classic (ETC) trades at $8.37, significantly below the weekly MA-20 ($12.12), MA-50 ($16.02), and MA-200 ($20.85), signaling strong bearish momentum across medium and long-term horizons.
Weekly momentum indicators, including MACD, ADX, RSI, Stochastic RSI, and CCI, all indicate persistent selling pressure with ETC locked in an oversold, downward trend.
The projected 7-day range for ETC is $7.20 to $9.55, with a drop below $7.20 increasing downside risk, while a move above $9.55 is needed for bullish reversal confirmation.

Persistent downtrend prevails as technical signals reinforce weakness

Weekly technical outlook for ETC remains negative. Price is firmly below all major weekly moving averages (MA-20: $12.12, MA-50: $16.02, MA-200: $20.85), reinforcing the dominant downtrend. The major support for the week is at $7.20, with resistance at $9.55 and the dynamic barrier of the MA-20 even higher. Weekly RSI and other oscillators show oversold conditions, while MACD, ADX, and the Awesome Oscillator all confirm strong selling pressure and a lack of bullish signals.

Sideways to downside range expected as indicators point to sustained selling

Looking ahead, the forecast for the next 5–7 trading days suggests ETC will likely remain within a sideways to declining range, constrained between $7.20 and $9.55. There is less than a 20% probability of a meaningful upturn, as all four key weekly indicators signal continued bearishness. A move above $9.55 would be needed to signal a possible trend reversal, while a drop below $7.20 could accelerate the decline toward new yearly lows. The baseline scenario sees price action remaining subdued, reflecting sustained selling pressure.

Parshwa Turakhiya, analyst, notes that Ethereum Classic spent the past week under strong selling pressure, closing well below key moving averages and failing to show signs of reversal. He sees weekly momentum and sentiment remaining negative, as all technical indicators point to sellers dominating the trend. The support at $7.20 is critical, while resistance at $9.55 must be reclaimed for any bullish confidence to return. Turakhiya remains vigilant for oversold bounce opportunities but views any upside as speculative unless the major resistance is broken. "Unless we see ETC regain $9.55 with clear conviction this week, I’ll remain cautious and focused on capital preservation."

Previously it was reported that Ethereum remained under pressure below key resistance, with immediate support near recent session lows and a broader base further below, as technicals signaled a cautious consolidation rather than a clear trend reversal. Last time, analysts noted that institutional flow was mixed and sentiment fragile amid wider risk-off moves, keeping momentum muted pending a decisive break above layered resistance levels.

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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