Ethereum Classic shows subdued buying interest with Stochastic RSI neutral: weekly review

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Ethereum Classic up 1.27% this week

Highlights

Ethereum Classic trades below major moving averages, confirming persistent weakness in both medium- and long-term technical trends.
Bearish momentum dominates with negative MACD, ADX, and oscillator readings, despite a minor 1.27% weekly price rebound.
Short-term price is expected to range between $7.05 and $7.75, with downside risk outweighing chances of meaningful recovery.

Bearish momentum confirmed by aligned technical indicators this week

On the weekly timeframe, ETC faces strong resistance from all key moving averages, signaling no immediate support from the trend. Weekly indicators reinforce bearish momentum: both the MACD and ADX point to a continuing downtrend, the RSI and CCI are in oversold territory, and Bull/Bear Power remains negative. The Awesome Oscillator supports this weakness, while the Stochastic RSI shows a neutral reading, reflecting subdued buying interest at current levels.

Sideways outlook expected as weak momentum curbs breakout risks

For the next 7 days, ETC is likely to move sideways within a range of $7.05 to $7.75. The probability of a substantial upside breakout is low, as no indicators suggest a buying opportunity. If the price manages to break above $7.75, any recovery is expected to be brief and limited, as the broader momentum remains negative. A fall below $7.05 could prompt further declines toward year-to-date lows, making a cautious approach advisable.

Sholanke Dele, market strategist, notes that Ethereum Classic continued to struggle under medium- and long-term selling pressure this week, with the price failing to recover above any key moving averages. He sees the weekly momentum indicators — all still bearish or oversold — as a clear signal that negative sentiment remains firmly in place. News flow remains absent, so direction is dictated solely by weak technicals. Dele expects ETC to move sideways between $7.05 and $7.75, with little chance of a sustained rebound. "Base case is more consolidation with risk to the downside if $7.05 fails — as long as bearish pressure dominates, I remain defensive," he says.

Earlier, analysts noted that Ethereum Classic was attempting to reverse persistent bearish momentum, with the potential for a trend shift hinging on a sustained bullish move. However, as new weekly data underscores enduring downward pressure and limited upside catalysts, market participants should remain attentive to any breach of the $7.05 level, which may foreshadow further downside risk ahead.

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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