Ethereum Classic weekly forecast: Downtrend persists as technicals point to sellers remaining in control

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Ethereum Classic falls 5.79% this week

Highlights

Ethereum Classic trades at $6.66, down 5.79% over 7 days, and remains under major moving averages in a bearish trend.
Momentum signals continue to indicate selling pressure with elevated volatility, although the asset shows oversold readings without a confirmed reversal.
Expected 7-day trading range is $5.86 to $7.18, with strong probability of further downside unless price breaks above $7.35 resistance.

Downtrend momentum persists as volatility rises and CCI flags exhaustion

The daily chart shows Ethereum Classic in a firm downtrend, with momentum characterized as a sustained move lower under elevated 15.23% volatility. MACD and ADX both signal continued downside pressure, while CCI shows an oversold reading at -104.491605, suggesting potential selling exhaustion but not a confirmed reversal. Nearest support sits at $6.5, with resistance defined by the 20-day average at $7.3535 and the Ichimoku Kijun at $7.505 acting as an additional ceiling.

Downside range expected as resistance and support levels define outlook

For the next 7 days, the expected range is $5.86 to $7.183858. There is a very high probability (more than 80%) of further downside and a very low probability (less than 20%) of an advance. The base case is for Ethereum Classic to trade within this band, with a bullish scenario requiring a decisive break above $7.3535 resistance and a bearish scenario unfolding on a clear move below $6.5 support.

Sholanke Dele, market strategist, sees Ethereum Classic under pressure after this week’s 6% drop, with the asset now lingering near $6.66 in oversold territory. With daily MACD and ADX confirming firm downside and volatility at 15.23%, signals point to ongoing weakness, although the CCI’s oversold reading hints at possible selling exhaustion. He believes any hope of a rebound hinges on recapturing the 20-day average at $7.3535, while a clear move below $6.5 opens the door to further downside. Dele maintains a defensive stance for the week ahead. "Without a decisive shift above $7.3535, I don’t see a compelling case for recovery in the coming days."

Earlier, analysts noted that Ethereum's valuation debate has increasingly centered on its role as a store of value, with emphasis on network resilience over aggressive value-accretion mechanisms. For Ethereum Classic, the prevailing downside scenario highlights the importance of monitoring the $6.5 support level, as a breakdown here could introduce fresh volatility risks beyond the current forecast range.

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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