ETC advances 2.88% with sustained bearish momentum from MACD and ADX indicators

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Ethereum Classic up 2.88% this week

Highlights

Ethereum Classic remains in a sustained downtrend, trading well below major moving averages with ongoing bearish momentum.
Technical indicators point to extremely oversold conditions, yet selling pressure dominates and recovery attempts remain weak.
The expected trading range for the coming week is $7.10–$9.35, with further downside more likely than a rebound.

Bearish momentum prevails as technical indicators confirm oversold trend

The weekly technical backdrop is decisively negative for ETC, with price action well below all major weekly moving averages. The nearest significant resistance remains the MA-20 at $11.68, while medium- and long-term pressures intensify as ETC trades well beneath both the MA-50 and MA-200. Weekly support is seen around $7.10, with resistance at $9.35. Momentum indicators such as the weekly MACD and ADX highlight sustained selling interest and a persistent downtrend, while oscillators including the RSI, Stochastic RSI, and Commodity Channel Index all reflect oversold conditions. Weekly volatility is moderate near 13.72%, and the Bull/Bear Power reading shows clear seller control in the market.

Rangebound outlook as bearish momentum limits upside potential next week

For the next 5–7 trading days, Ethereum Classic is likely to stabilize within a corridor of $7.10 to $9.35, in line with recent weekly volatility. Bearish momentum readings across both trend and oscillator indicators suggest a higher likelihood of sideways movement or further declines, with the probability of a significant upside move (above $9.35) assessed as very low, hovering below 20%. The baseline scenario is for ETC to trade within this range, with any bullish scenario dependent on a close above resistance and notable momentum improvement. Continuing selling pressure could push the asset below $7.10 if the current trajectory persists.

Anton Kharitonov, expert at Traders Union, believes Ethereum Classic’s technical setup remains under heavy bearish pressure this week. The price continues to hold below critical weekly moving averages, signaling no real shift in market sentiment. Despite a modest 2.88% weekly gain, all momentum indicators confirm persistent selling interest and oversold readings. Over the coming week, Kharitonov sees a high probability that ETC will trade sideways or drift lower within the $7.10 to $9.35 range. Any bullish scenario would require a decisive break above resistance — which remains unlikely with momentum still negative. "As long as price stays below $11.68, I do not trust any upside attempts for ETC this week."

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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