ETC latest news: low rebound odds as intraday range widens

Traders Union
All News
Crypto News
Ethereum classic drops 32.62% today

Highlights

Ethereum Classic (ETC) fell 32.62% to trade near its intraday low, far below the MA-20 ($19.08), MA-50 ($20.35), and MA-200 ($18.79).
UK retail investors gained tax-free access to ETC-linked exchange-traded notes as of October 9, 2025, boosting demand, liquidity, and speculative activity.
Bearish momentum dominates as intraday volatility spans $7.79–$20.61, with resistance at $19.50 and over 80% probability of further declines below $18.62.

Liquidity boost and speculative interest as UK expands tax-free ETC notes

On October 9, 2025, UK regulators introduced tax-free access for retail investors to ETC-linked exchange-traded notes, a move expected to enhance demand and liquidity for ETC in the UK market. In recent sessions, ETC also benefited from heightened on-chain trading activity and rising futures open interest, reflecting increased speculative appetite. The May 2025 Olympia Upgrade, which added a fee-burning mechanism, continues to attract interest from those favoring deflationary assets.

Bearish momentum dominates as oscillators diverge and resistance intensifies

This MA configuration indicates strong downside pressure, with the next dynamic resistance at the Ichimoku Kijun near $19.50. Mixed momentum signals emerge: the daily MACD and Awesome Oscillator both reinforce bearish sentiment, while a high ADX trend strength still signals buying. RSI appears neutral-to-bullish, but both Stoch RSI and CCI indicate oversold conditions, and BBP suggests session control by sellers. Intraday volatility remains elevated within a wide range of $7.79–$20.61, with oscillators and momentum readings diverging but overall price action confirming the bearish bias.

Downside favored as rebound odds stay limited by persistent selling

Over the next five trading days, ETC is expected to trade between $18.62 and $19.45. The probability of a rebound remains low at less than 20%, making further declines more likely as selling pressure persists. For a bullish reversal, ETC would need to clear resistance at $19.50, but failure to hold $18.62 may lead to deeper losses.

Anton Kharitonov, expert at Traders Union, notes that despite positive regulatory shifts in the UK and ongoing interest in deflationary features, Ethereum Classic remains under significant bearish technical pressure with all major moving averages above current price action. He sees the oscillators and momentum readings as broadly confirming downside risk, with just a slim chance of a rebound as intraday volatility persists. The analyst remains cautious, citing a low likelihood of bullish reversal unless resistance at $19.50 is reclaimed. "Base case remains more downside for ETC — as long as price stays below $19.50, I don’t trust the upside," Kharitonov concludes.

Last time we reported that the probability of a price increase is very low, with price remains in a consolidation corridor as downside risks persist. The direction was noted to be influenced primarily by technical factors amid a lack of fundamental catalysts.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.