+7.18% for Ethereum Classic — Volatility surges with daily signals mixed

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Ethereum Classic rises 7.18% to $8.81

Highlights

Grayscale Ethereum Classic Trust posted a $157.1 million net loss due to sharp declines in Ethereum Classic asset values.
Net assets dropped to $126.0 million as realized and unrealized losses on ETC holdings drove performance lower.
ETC price action is highly volatile; technical signals suggest likely sideways movement between $7.90 and $9.70 with prevailing bearish momentum.

Grayscale trust losses mount as ETC asset value erodes

On March 12, Grayscale Ethereum Classic Trust reported a net loss of $157.051 million for the period, driven mainly by $151.890 million in net realized and unrealized losses on ETC holdings. The trust's net assets have decreased to $126.004 million. These financial results reflect the recent sharp decline in the value of its Ethereum Classic assets.

Mixed momentum signals amid resistance near intraday highs

Momentum signals on the daily chart remain mixed for ETC: while the MACD and ADX still indicate ongoing bearish momentum, short-term recoveries are suggested by oscillators turning less negative. The RSI at 43.65 and CCI at -73.92 show neutral to mildly oversold conditions, and the Stoch RSI is neutral. BBP at -0.04 points to slight seller dominance intraday, but the Awesome Oscillator remains neutral, offering no clear direction. The Ichimoku Kijun level at $8.83 acts as immediate resistance, with ETC now trading near today’s high ($8.25 – $8.83) and experiencing elevated volatility.

Sideways outlook dominates as upside risk remains subdued

Over the next 5 trading days, ETC is expected to remain within a $7.90 – $9.70 range — a typical volatility band relative to current levels and prevailing resistance. The probability of further upward movement is low (less than 20%), while all weekly signals (RSI, ADX, MACD, MA-50) continue to indicate a bearish outlook. The baseline scenario anticipates sideways consolidation between $7.90 and $9.70. In the event of a sustained move above $8.83, upside towards $9.70 becomes possible, but a drop below $7.90 could trigger a retest of lower support levels.

Anton Kharitonov, expert at Traders Union, sees continued downside risk for Ethereum Classic. He notes short-term momentum has improved, but medium- and long-term signals remain bearish. Fundamentals are weak after Grayscale’s reported losses. "Base case remains consolidation between $7.90 and $9.70 — without a sustained break above $8.83, upside looks unlikely in the near term."

Last time, analysts noted Ethereum Classic is trading well below key weekly moving averages, with technical indicators confirming ongoing bearish momentum and oversold conditions. Downside pressure persists, anchoring the asset within a $7.10 to $9.35 range as selling interest dominates and any sustained upside appears unlikely without a break above established resistance.

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.