Panic selling triggers 25% drop — Ethereum Classic demonstrates intensifying bearish momentum

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Ethereum classic drops 25.45% today

Highlights

Ethereum Classic (ETC) fell 25.45% to $14.91 on October 11, 2025, trading below all major moving averages amid heavy altcoin selloffs.
Despite ETC’s pronounced bearish momentum with MACD, Bear Power, and oscillators negative or oversold, the Fear & Greed index remains at 'Greed' levels, reflecting notable investor optimism.
ETC is expected to consolidate between $15.13 and $16.03 next week, with sub-20% odds for a sustained rally and risk of further downside if $14.49 support fails.

Heavy panic selling and volatility weigh on ETC despite lingering optimism

The broader crypto market experienced heavy panic selling and high volatility on October 11, 2025, driving sharp losses across many altcoins, including ETC. This widespread downturn spilled over to depress Ethereum Classic’s performance significantly. Despite negative technical signals, the Fear & Greed index suggests investor optimism persists at 'Greed' levels.

Mixed momentum and support shifts as bearish signals dominate technical landscape

On the technical front, ETC’s price is sitting below all major moving averages, confirming a sustained bearish environment. The nearest dynamic support is set at the Ichimoku Kijun line ($14.49), while resistance has shifted down to the MA-50 level at $20.05. Daily chart momentum indicators send mixed messages: the MACD is bearish, ADX shows strong trend intensity, RSI is close to oversold at 30.87, Stochastic RSI and CCI are both oversold, Bear Power remains negative, and the Awesome Oscillator confirms the downtrend. Price action today remains volatile, fluctuating in the upper half between the session low ($13.86) and high ($15.13), underscoring persistent sell-side activity but lacking strong unified directional conviction due to these mixed momentum signals.

Low rally odds and consolidation likely as downside risk persists

For the next week, the expected trading range is between $15.13 and $16.03. The probability of a sustained rally is very low — under 20% — so further declines appear more likely in the short term. Baseline expectations see ETC consolidating sideways inside this corridor. Should price break through resistance at $15.13, a move to $16.03 cannot be ruled out, while failure to hold the $14.49 support risks triggering a deeper selloff.

Anton Kharitonov, expert at Traders Union, observes that Ethereum Classic remains under pronounced bearish pressure, with the recent market-wide panic reinforcing downward momentum below all major moving averages. Despite a persistent 'Greed' sentiment among investors, he sees little technical support for a sustained rebound, with mixed momentum readings reinforcing a cautious outlook. Kharitonov emphasizes that the probability of a significant rally is quite low while the current setup favors further sideways consolidation or even renewed declines. "Base case remains consolidation between $15.13 and $16.03 — if $14.49 fails, expect deeper selling."

Previously it was noted that downside risks persist and strong downside pressure is indicated by the moving averages and technical oscillators. The article highlighted that sellers appear to control the session as intraday volatility remains elevated within a wide 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

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.