ETC remains rangebound near $7.09 facing resistance at MA-20: weekly report

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Ethereum classic steady 0.00% this week

Highlights

Ethereum Classic faces strong bearish momentum, trading below key moving averages and dynamic resistance levels.
Momentum indicators are firmly negative, with selling pressure dominant and the asset consolidating within the weekly range.
ETC is expected to fluctuate between $6.40 and $7.80 over the next week, with downside risk exceeding upside potential.

Downside momentum persists as weekly indicators flag oversold signals

Weekly technical indicators for Ethereum Classic remain negative. The price is consolidating beneath all key weekly moving averages, with the nearest resistance defined by MA-20 at $8.173. Weekly support is centered at $6.40, with resistance near $7.80. Oversold conditions are evident in the weekly RSI and CCI, while the MACD, ADX, and Awesome Oscillator confirm ongoing bearish momentum. Stochastic RSI is neutral, and overall volatility measured 9.32% this week.

Sideways bias favored as bearish momentum limits breakout potential

Looking ahead to the next 7 days, Ethereum Classic is expected to remain in a sideways consolidation range between $6.40 and $7.80, as suggested by ongoing bearish momentum and lack of bullish signals on the weekly chart. With less than a 20% probability of a decisive upward move, the base case is continued stagnation. A close above $7.80 would be an early sign of a potential reversal, while a breakdown below $6.40 could accelerate declines toward new lows.

Viktoras Karapetjanc, expert at Traders Union, believes Ethereum Classic remains under notable pressure this week, consolidating just below major moving averages and struggling to attract bullish momentum. Despite the persistent bearish technicals, he sees the current oversold readings as an early opportunity zone for patient investors. Macro forces and market sentiment offer limited positive catalysts right now, but the stable volatility profile keeps the door open for a future turnaround. Karapetjanc points to the $6.40–$7.80 corridor as a range where tactical traders could look for early signs of recovery. "If momentum shifts and we see a breakout above $7.80, this could quickly reignite bullish interest and create a compelling setup for the week ahead."

Earlier analysis highlighted persistent bearish momentum and a lack of meaningful upside catalysts for Ethereum Classic. The latest technical signals reinforce this outlook, emphasizing that traders should focus on potential volatility if the $6.40 support or $7.80 resistance is breached in the coming week.

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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