Ethereum Classic weakens as volatility spikes to 13.98 percent: weekly report

Traders Union
All News
Crypto News
Ethereum Classic falls 8.13% this week

Highlights

Ethereum Classic remains under sustained selling pressure, trading below major moving averages and closing the week down 8.13%.
Technical indicator consensus is firmly bearish, with momentum oscillators and trend signals highlighting persistent downside bias and seller dominance.
Expected price action this week is consolidation between $7.10 and $9.36, with a decline below $7.10 more probable than a bullish reversal.

Bearish momentum accelerates over the week as volatility rises

Weekly technical momentum for ETC remains decisively bearish, with both the MACD and ADX confirming a downtrend, while RSI and CCI signal sell conditions. Bull/Bear Power sits in oversold territory, underscoring sustained seller strength. Weekly volatility is elevated at 13.98%, and ETC closed well beneath its primary moving averages, with resistance now clustered near $8.89 (MA-20) and further at $14.02 (MA-50); weekly support is defined at $7.10, while resistance is visible at $9.36 and $14.02.

Downside bias for next week as support faces renewed pressure

For the next 7 days, ETC is expected to consolidate between $7.10 and $9.36 as the market absorbs recent losses. Downside momentum makes a decline more likely, with less than a 20% probability of a sustained move above $9.36. The baseline scenario is sideways movement in the identified range, with risk skewed toward a test or break below $7.10 if seller pressure persists, while only a sharp reversal above $9.36 would hint at a potential short-term bullish breakout.

Viktoras Karapetjanc, senior analyst at Traders Union, believes Ethereum Classic's technical picture this week confirms persistent seller dominance and continued bearish sentiment. He sees opportunity for patient investors as volatility remains elevated and the market digests recent declines. The consolidation range between $7.10 and $9.36 offers tactical setups for those watching for a potential rebound. However, he expects overall momentum to favor sellers unless a strong reversal above $9.36 develops. "I see this week's subdued price action as a chance for disciplined traders to position for a future upswing if the broader crypto sentiment turns more constructive."

Earlier, analysts noted that Ethereum Classic was experiencing persistent bearish momentum amid continued consolidation beneath key resistance levels. The latest data reinforces this outlook, highlighting the importance of monitoring the $7.10 support zone for any signs of further downside or a potential shift in sentiment.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.