Are you someone who has been constantly looking at the Ethereum Classic charts and wondering if it’s a good time to enter the market? Then you are in the right place. Investors are hoping for a bullish revival for Ethereum Classic after it has shown a lot of promise in the previous week. However, the market has dropped to $2.60 billion in the span of two days, raising questions about the current market confidence.
Although the Ethereum Classic price enjoyed the benefits of the market-wide bull run week, the price rise seems to have met a stiff ceiling. The price has shown signs of stagnation, failing to go beyond $17.5. According to CoinMarketCap, it has returned to its original position in the last 24 hours, posting 0% gains. Given the market indecision, let’s dive into the latest Ethereum Classic price analysis and explore where the price action will lead ETC in the coming days.
Ethereum Classic Price Analysis of the Past 24 Hours
Taking advantage of the strong bullish pressure from the previous day, Ethereum Classic continued to scale the charts confidently. Starting at $16.75, the ETC price quickly ascended to reach $16.98 by 1:10 UTC. However, the RSI showed that the coin was overbought and buyer interest slumped. A downward trend followed, corroborated by the death cross at 1:45 UTC. This bearish ETC trend led the coin to find support at $16.6 once again. It is worth noting that the RSI had also dipped to almost oversold by 3:00 UTC.
Chart 1: published on TradingView, April 26, 2025
The bulls picked up steam again as a major uptrend followed, thanks to the 3:30 golden cross on the MACD. This bullish ETC trend led it to spike up to $17.20 by 4:40. The coin was again overbought, and a strong correction followed. Even though the death cross continued, ETC was able to form a trading range to avoid further downturn. This range ensued till 9:00 UTC. For the rest of the day, however, rapid action on the MACD followed, with golden crosses and death crosses forming one after the other. Strong fluctuations occurred, and a very gradual general uptrend was seen, as the lower support at $17 stood strong.
At 17:00 UTC, ETC traded at $17.35. A correction occurred from here, leading it down to $17.07. A slow uptrend soon commenced, leading ETC to test the $17.50 resistance by 1:30.
ETC Price Action Today: April 26, 2025
The day started on a bullish note, with ETC testing the $17.5 level by 1:30 UTC. However, failure to break the resistance led to a strong reversal, pulling the ETC price down to $17.18. Since then, ETC has shown some resilience, trying to ascend again. But the overall bearish ETC trend has continued, leading it to find a bottom at $17. As of the latest update, ETC trades at $17.15.
Ethereum Classic Price Prediction: Can Ethereum Go Beyond $17.5 Today?
The charts suggest that Ethereum Classic’s recent heroics may have cooled off. As of now, the coin has strong support at $17. If the bearish trend flourishes and that level is broken, selloffs may ensue as traders will try to cut losses. The good news for ETC is that it is currently on an uptrend, with a considerable golden cross, and the RSI is still around the midline. This means that if the bulls continue to push the prices up, they will be able to make some progress before the RSI calls for a reversal. If such a scenario plays out, a $17.5 resistance test is quite possible.
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