Ethereum Classic slides below key resistance as MACD signals continued sell pressure: weekly outlook

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Ethereum Classic falls 6.01% this week

Highlights

Ethereum Classic remains under persistent selling pressure, trading below key moving averages and dynamic resistance zones.
Momentum indicators signal a firmly bearish trend, with negative weekly MACD and ADX readings confirming seller dominance.
Forecast for the next week places ETC within a $8.00 to $10.40 range, with a higher likelihood of further downside.

Bearish signals reinforce downside risk over the week

Negative momentum dominates ETC's weekly technical outlook. All primary signals on the W1 chart are bearish: the MACD issues a strong sell, the ADX reflects ongoing seller strength, and the RSI also points to continued downside, despite some mixed readings from the Stochastic RSI and Bull/Bear Power. ETC's price action centers near its weekly lows, with volatility for the period at 15.07%. Strong resistance lies at the MA-20 ($9.296), while major support is seen closer to $8.00.

Range-bound or lower bias expected as resistance limits upside next week

In the next seven days, ETC is expected to fluctuate between $8.00 and $10.40, reflecting sustained bearish sentiment and the technical barrier set by the MA-20. Unless ETC reclaims the $10.40 level, further downside is favored, especially with all four key W1 indicators in sell territory and no technical signals of reversal. The baseline scenario foresees sideways or further bearish movement, while only a clear break above $10.40 could establish a short-term trend shift.

Parshwa Turakhiya, analyst, observes that Ethereum Classic spent this week under sustained bearish pressure, failing to reclaim its MA-20 and closing near the week’s lows. He sees technical momentum dominated by sellers, with resistance capped at $9.296 and possible support emerging at $8.00. The analyst highlights that all key indicators on the weekly chart point to a prevailing downside bias, and a lack of bullish catalyst further limits upside potential in the coming week. Trading is likely to remain sideways to lower unless ETC can convincingly reclaim $10.40. "Unless bullish sentiment returns and the price closes above $10.40, I see little reason to expect a reversal in ETC this week."

Earlier, analysts noted that Ethereum Classic was displaying mixed signals at resistance, with a cautious stance amid indecision and overbought conditions. With current momentum and all primary technical indicators now turning decisively bearish, traders should remain vigilant for a potential breakdown below the $8.00 support, which could accelerate downside risk in the coming sessions.

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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