ETC weekly forecast: Upside momentum holds as overbought signals emerge from CCI and Stoch RSI

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Ethereum Classic gains 8.59% this week

Highlights

Ethereum Classic trades at $9.25, gaining $0.75 over seven days and maintaining a firmly positive short-term structure.
Momentum indicators give strong buy signals and volatility rises to 22.16%, but major oscillators show overbought conditions.
The forecast range for next week is $8.249906 to $10.250093, with key support at $8.75 and resistance at $10.42.

Overbought conditions emerge as momentum builds through weekly rally

The daily chart shows a sustained move higher with a firm trend, reinforced by the MACD and ADX, each signaling a buy and pointing to strong upside momentum. Volatility has picked up to 22.16%, while major oscillators such as CCI and Stoch RSI register in the overbought zone, suggesting current levels may be stretched. Immediate support lies at $8.75, marked by the Ichimoku Kijun, with resistance at $10.42 defined by last week’s high. The overall setup favors additional upside in the near term, but the overbought readings merit caution for late entries.

Bullish bias persists if $10.42 falls as breakout risk intensifies next week

Next week, Ethereum Classic is expected to trade between $8.249906 and $10.250093. There is a very high probability of an increase and a very low probability of a decrease, supported by 19 buy signals versus just 3 sell. The base case is continued strength above $8.75 support, with renewed bullish pressure likely if price breaks through the $10.42 resistance. Should the market slip below $8.75, a deeper retracement toward the lower end of the forecast range could develop.

Viktoras Karapetjanc, expert at Traders Union, sees Ethereum Classic holding its strong position after a notable 9% recovery this week as macro-driven volatility energizes the crypto sector. He believes the healthy upside momentum is confirmed by daily MACD and ADX signals and reinforced by a continued pick-up in volatility, creating a favorable environment for active traders. With immediate support at $8.75 and resistance at $10.42, the bullish structure remains intact, though overbought readings on the CCI and Stoch RSI suggest selective, tactical entry is wise at these levels. Karapetjanc highlights that the overall setup points to further growth in the coming week, with 19 buy signals overwhelmingly outnumbering the sell indicators. "With Ethereum Classic steadily above $8.75 and strong technical momentum, I expect bulls to remain in control and look for a move towards $10.42 in the days ahead."

Earlier, analysts noted that Ethereum Classic was supported by sustained bullish momentum despite episodes of short-term selling pressure and profit-taking. The latest technical setup reinforces this positive bias, with volatility and overbought readings highlighting the importance of monitoring the $10.42 resistance for signs of a potential breakout or reversal.

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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