ETC gains momentum with strong buying at recent range top: weekly forecast

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Ethereum Classic gains 14.07% this week

Highlights

Ethereum Classic rallied 14.07% last week, reaching the upper boundary of its recent trading range near $9.95.
Despite short-term buyer pressure, broader technical signals remain bearish with weak momentum and conflicting overbought conditions.
This week, ETC is expected to consolidate between $9.55 and $9.95, with less than a 20% chance of upward breakout.

Mixed technical signals this week as overbought conditions clash with weak momentum

Weekly technical analysis highlights that ETC's price sits just over its MA-20, but faces persistent downward pressure beneath both the MA-50 and MA-200. The weekly volatility amplitude reached 17.79%. The MACD remains bearish and the ADX continues to weaken, indicating limited momentum strength. Weekly RSI and Stochastic RSI are both overbought, and the CCI is near neutral, while Bull/Bear Power suggests strong recent buying but with conflicting overall signals. The Awesome Oscillator remains neutral, supporting a picture of indecision at resistance.

Sideways consolidation expected next week as breakout odds remain low

For the next seven days, expectations center on a sideways consolidation between $9.55 and $9.95, as short-term indicators are stretched and none of the four key signals provide a clear buy. There is less than a 20% probability of further upside, with the core scenario favoring stabilization within the current range. Should bullish pressure unexpectedly persist, an upside break above $9.95 could target higher resistance levels, but if recent momentum reverses, a drop below $9.55 could open further declines toward prior support zones.

Jainam Mehta, market strategist, sees Ethereum Classic having staged a strong rally over the past week, but notes this push brought price into heavy resistance just below the MA-50 on the weekly chart. Technical signals are mixed — short-term momentum is overextended, but broader trends remain under pressure and momentum remains weak overall. He expects consolidation between $9.55 and $9.95, with upside capped unless buyer strength surprises. "With overbought signals flashing and key resistance overhead, I am staying neutral this week and would consider only tactical range trades until a decisive break above $9.95 or below $9.55 materializes."

Earlier, analysts noted that Ethereum Classic was experiencing persistent bearish momentum and remained susceptible to further downside. The current analysis adds a layer of cautious optimism with ETC now hovering above its short-term average, but continued volatility and mixed signals mean traders should closely monitor for any decisive move above $9.95 or a reversal below $9.55 in the coming days.

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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