Ethereum Classic has been on a slow recovery path after its dramatic price dip in the first week of April. The price had dipped to around $12 at that point, and the ETC price has been on a gradual uptrend in the past few weeks. However, this slow rally has hit a ceiling, with ETC failing to make noticeable gains in the last few days. It has posted about 5% gains in the past week.
However, in the last 24 hours, the price action has been more about retaining its gains. The price is consolidating within a narrow range, but the overall market outlook paints a bearish picture. Given the market indecision, the 24-H trading volume has also dipped by 26%, highlighting considerable liquidation by investors looking to avoid volatility. With this in mind, let’s dive into the latest Ethereum Classic price action and deduce what’s next for the coin.
Ethereum Classic Price Analysis April 28, 2025
Ethereum Classic commenced trading yesterday at a price point of $17. With the buying pressure mounting up, a golden cross formed within minutes of trading, leading to a 4% uptick to $17.67. The RSI indicated heavily overbought conditions, calling for a strong reversal. The trend reversal came in with the 1:25 UTC death cross, initially leading the ETC price down to $17.29. The price fluctuated a little, avoiding a substantial downturn.
Chart 1: published on TradingView, April 28, 2025
However, the death cross widened, and a downward ETC breakout led the price to an extended downtrend. ETC traded at $6.8 by 6:00 UTC. The coin was oversold, and buyers were expected to step in. A golden cross formed an upward trend, which commenced, leading ETC to $17.07. But ETC’s advances were sternly rejected at $17.1. Investors expected a reversal at this point, but the token stabilized in a trading range instead.
But the bearish pressure caught up to the token, and another bearish ETC breakout was seen. The following downtrend led Ethereum Classic to $16.58 by 17:00 UTC. From then on, an uptrend spawned, but plateaued around the $16.8 mark. Around 20:00 UTC, a death cross formed, confirming the reversal. This slow reversal faced a fake breakout around 21:30 UTC, but continued to reduce the ETC price to $16.6 by midnight.
ETC Price Action Today
Some fluctuations ensued around the $16.6 price point early today. However, a death cross at 00:40 UTC confirmed a downward ETC breakout. This downtick took the Ethereum Classic price to its 24-H low of $16.29. With the RSI oversold and the MACD forming a golden cross, the ETC token was primed for a strong upward trend. This upward trend began at 1:40 UTC and led the price up to $17 by 8:30 UTC, continuing to grow despite overbought conditions persisting. The much-anticipated reversal came at 8:55 UTC. According to the latest update, ETC was trading at $16.82.
Ethereum Classic Prediction: Is a Break Beyond $17 Possible?
The $17 has been a key psychological resistance for ETC in the last few weeks. It has effectively rejected any advances by ETC, leading to bearish forces still dictating the market. If an emphatic ETC breakout occurs, and the token can move beyond this level, further gains will be more streamlined. However, the RSI also spikes to overbought levels with every advance close to that level, which means buyers are reluctant to buy the Ethereum Classic token at a price higher than $17. If ETC can resist the bearish pressure and form a trading range at its current price of $16.8, the $17 resistance may be an achievable target.
Ethereum Classic Price Analysis of April 30, 2025
Ethereum Classic started trading at $16.97, working in a general uptrend from the previous day. This uptrend increased the price to $17.12 within the first hour of trading. With this short ascent, the RSI inched closer to the overbought level, and some correction occurred. The ETC price slipped to $17, entering a trading range with strong support at $16.95. The $17.07 offered stable resistance. Around 2:30 UTC, the support trend line started climbing, as the price consistently touched higher lows.
A bullish triangle seemed to be in the works, but perhaps the narrowing wasn’t intense. A downward ETC breakout ensued, as the price dipped to $16.9 by 5:30 UTC. However, half an hour later, intense bullish pressure built with a golden cross on the MACD. This led to a rise to $17.17 in the next 20 minutes. Another trading range formed, trying to reverse some of the growth. However, with another bullish crossover at 17:55 UTC, a massive ETC breakout occurred. This led the Ethereum Classic price to spike to $17.5 by 8:20 UTC. The RSI indicated heavily overbought levels, leading to a sharp downtrend.
Chart 2: Analysed by raodevansh18, published on TradingView, April 30, 2025
The ensuing downtrend led ETC to $17.18, where some reversal was seen. However, with continued bearish action on the MACD, the downtrend resumed, pulling the ETC price to $16.95 by 13:15 UTC. Again, a reversal and some consolidation around the $17 mark followed. At 19:00 UTC, the bears continued to pull the ETC price down to $16.63 by 23:30. Reversals were seen, but turned out to be just bearish flags in the grand bearish pattern.
Ethereum Classic Price Tries to Move Up, $16.8 Poses Major Resistance
Some rise was seen after the slump to $16.63, as the ETC price stood at $16.75 at midnight. The uptrend continued, taking the price to $16.8, but could not continue. Ethereum Classic slumped to the $16.65 support level in the coming two hours. With the RSI almost oversold at that point, an ascent followed, which led to price stabilization as the $16.84 level posed strong resistance. The sideways movement indicated market indecision. The trading range finally had a downward ETC breakout as an extended downtrend formed, pulling ETC back to $16.6. The RSI was also oversold at this point, leading to a strong trend reversal. As of the latest update, ETC traded at $16.82.
What Do Technical Indicators Suggest?
The MACD indicator suggests an overall bullish trend. The MACD line is under the signal line, corroborating a bullish trend. However, we are heading towards convergence again, which may lead to a death cross. If that happens, a downtrend is imminent. The RSI, too, corroborates the overall trend. It has been in the bullish territory, working above the midline for the most part. As of the latest update, it had quickly recovered from the oversold levels and neared the overbought zone. This is another factor pointing to a reversal within the next hour.
What Is Next for Ethereum Classic Price?
Conditions for a bearish turnaround are being formed as of press time. This means that a downtrend may ensue, and there is a high chance that the Ethereum Classic price will retest the $16.6 support. However, the indicators point to mild bullish momentum. If the $16.6 support level survives the test, the price will soon rise to test the $16.8 resistance. If this level is successfully broken, $17 will be a realistic target today.
Ethereum Classic (ETC) Price Analysis for May 2, 2025
In the course of the last 24 hours, Ethereum Classic has gained a solid 4%. The price action has been mainly trend-based, with the ETC price finding consistent gains. The token has avoided dramatic downturns, forming trading ranges to resist the bearish pressure. The trading session commenced with the Ethereum Classic price at $16.5. A golden cross formed at midnight as bullish forces pushed the price to $16.75 by 2:30 UTC. The RSI responded quickly, going into the overbought region and validating a bearish reversal.
ETC soon retraced to $16.58 by 4:30. A meager upturn was seen, but was succeeded by a death cross at 6:00 UTC. The following downtrend pulled the price down to $16.47 by 7:15 UTC. The RSI momentarily inched into the oversold zone, and a strong bullish Ethereum trend was on the cards. At 7:35 UTC, a confident uptrend began, thanks to the golden crossover on the MACD. This uptick pushed the prices up to $16.97 by 11:00 UTC. The overbought RSI warranted a bearish trend, but a trading range followed instead as the bears persisted.
Chart 3: Analysed by raodevansh18, published on TradingView, May 2, 2025
The ETC breakout out of the range was bearish, as the price dipped to $16.8. However, it turned out to be a fakeout, as intense bullish pressure ensued and the ETC price ascended to $17.10. The RSI showed that the buyers had lost interest, and a downtrend ensued. This downtrend led ETC to find a firm bottom at $16.85. Despite the volatility, the Ethereum Classic price continued to gain slowly, touching $17.02 by 21:55 UTC. The price soon retraced to $16.84 just before midnight.
ETC Token Tests $17.20 Resistance
Yesterday, at 23:40 UTC, a golden cross formed on the MACD as buying pressure mounted. This pushed the ETC price up to $17.08 by 00:55 UTC. However, with the RSI consistently working near the 70 level, a minor pullback to $16.94 followed. The upward trend continued with a golden cross at 2:05 UTC, leading the price up to $17.20.
At this point, the Ethereum Classic price faced strong rejection. Some consolidation was seen, but the death cross at 3:20 UTC finally lowered the price. The RSI also returned close to the midline for $16.96 at 6:00 UTC. Some fluctuations have followed, but ETC has increased to $17.18 since then. However, the $17.2 level has again rejected ETC’s advance.
What Do the Technical Indicators Reveal for Ethereum Classic?
The MACD has tipped towards the bullish side in the last 24 hours. For most of the price actions, the 12-day EMA has eluded the 26-day EMA, leading to strong uptrends. It is worth noting that despite the bearish crossovers, the price has stabilized on the charts. This resilience points to intense bullish pressure. The RSI, however, reveals that investors are not willing to buy ETC above $17.2, leading to multiple rejections at that point. ETC’s advances towards this level have also pushed the RSI into the overbought zone.
$17.2 Resistance Break Possible, $16.95 To Be Crucial
As of now, ETC has temporary support at $16.95. If this support holds and prevents a fall to $16.84, the probability of a resistance break increases. However, as of the latest update, a death cross is leading the Ethereum Classic price down. If an ETC breakout below $16.95 transpires, the bears may decrease prices. If $17.2 is breached, the buyers may wait for the reversal before entering the market.
Ethereum Classic (ETC) Price Analysis for May 6, 2025
Ethereum Classic has entered a phase of prolonged consolidation. Failure to break out above $16 decisively has led to a narrow trading range for the altcoin. The price commenced trading at $16 per ETC. The bullish trend late on the previous day resumed, and the price saw an early climb to $16.12. However, a correction arrived with the 1:05 death cross, bringing the price down to stabilize around $15.9. An hour later, another golden cross formed on the MACD as the price rose to $16.20 quickly. However, ETC failed to sustain that level and faced a downtrend to $16. 06.
ETC/USDT Chart, analyzed by raodevansh18, published on TradingView, May 6, 2025
A slow uptrend was seen to $16.22, but ETC soon relinquished that level to stabilize near the $16.15 mark. A trading range formed, lasting till 9:30 UTC. At this point, a downward ETC breakout followed, correctly marked by the 9:55 death cross. This breakout led the price down to $15.9 by 10:50 UTC, the RSI dropping to oversold levels as well. The price seemed to rise in a channel right after, but could only make it up to $16.02 before retracing to $15.85. At this point, a bearish triangle was seen, as the resistance lines kept dropping while the support held strong. This pattern led to a negative ETC breakout, as the price dipped to $15.76.
ETC Tests $16.15, Fails to Breach Resistance
However, the reversal from this point was strong with the consecutive golden crosses on the MACD starting at 16:10 UTC. The price climbed to $15.92 at first. A bullish flag formation followed, after which the uptrend was intensified and the Ethereum Classic price rose to rapidly to test the $16.15 resistance. This rapid uptick led the RSI into the overbought region, prompting a strong bearish turnaround. The price soon returned to $15.85. Oversold conditions again persisted on the RSI, and the bulls assumed control, pushing the price up. However, this uptrend lost steam at $16.10. As trading approached midnight, the price had already started retracing from that level.
$16.10 Rejects Approaches, Ethereum Classic Price Falls to $15.8
At midnight, the ETC price stood at $15.98. The bearish trend from yesterday continued to pull the prices lower. By 2:30 UTC, the price fell to $15.8. The RSI was nearly oversold at this point, and the bullish pressure was renewed. A golden cross corroborated an uptrend, with price climbing to $16.12 by 4:25 UTC. However, the uptrend reached saturation at that point, and bearish patterns have persisted since then. The Ethereum Classic price first retraced to $15.9. After a short bullish reversal, the downturn continued, pushing the price down to $15.78. Subsequent bullish trends have been losing force quicker, managing meagre upturns. As of the latest update, the Ethereum Classic price stood at $15.84
$15.8 Support Level to be Tested Again
With the bearish pressure mounting, it seems highly likely that the price will go on to test the support level in the coming hours. The bulls also seem to be waiting for the support retest. A decisive ETC breakout or reversal from that point could further boost the ensuing pattern. As of now, unless strong bullish pressure arrives with considerable volume, the price may continue to slowly relinquish support and continue the broader downtrend.
Ethereum Classic (ETC) Price Analysis for May 8, 2025
Ethereum Classic has seen a strong performance in the past 24 hours. After a period of tight consolidation, ETC has broken out with renewed bullish momentum. The price has registered steady gains, pushing past notable resistance levels and signaling growing market confidence. The ETC price stood at $16.20 as the trading session commenced. Despite a bearish crossover forming on the MACD indicator at midnight, the price showed some upward movement, going up to $16.35 UTC. However, the bears eventually caught up to the Ethereum Classic price and pushed it slightly down to $16.16. An early trading range formed, lasting until 6:35 UTC as the market remained indecisive. The price failed to break out above the $16.3 resistance.
ETC/USDT, M-5 chart, analyzed by raodevansh18, published on TradingView, May 8,2025
At 6:35 UTC, a golden cross formed, and a stable uptrend ensued as the price moved up to $16.47 by 9:00 UTC. Strong bearish pressure followed this slow rise. A death cross formed at 9:00 UTC, instigating a stable downtrend. The Ethereum Classic price slid down to $16.10 by 13:25 UTC. Some reversal was seen with the 13:20 golden cross as the price returned to $16.20 by 14:25 UTC. Even though the RSI was oversold, the bullish movement could not last long, and the bears assumed control again with the 14:40 death cross. The ETC price soon slumped down to $15.84 by 16:30 UTC.
Ethereum Classic Rises to $16.3, Retains Gains with Consolidation
The RSI was oversold again, and investors expected a potent bullish reversal. A golden cross also formed, but failed to initiate a strong uptrend as the ETC’s ascent got capped at $16. Heavy fluctuations occurred, with the price stabilizing around the $15.90 level. At 20:50 UTC, a considerable golden cross formed on the MACD, and the price started climbing. Although ridden with brief reversals, the price made its way up to $16.29 by 23:10 UTC. The RSI was overbought at this level, and a death cross formed on the MACD at this point. However, the ETC price, riding on high bullish pressure, formed a trading range, avoiding any downturn. As of midnight, the price was stuck in the range at $16.19.
Ethereum Classic Stages Remarkable Climb, Tests $17.33 Resistance
The range-bound consolidation continued early today as the ETC price failed to muster a breakout for the first 45 minutes. At 00:50 UTC, a massive golden cross formed, and the price started scaling the charts rapidly. The price rose to $16.55 at first. A bearish crossover did form at this point, but could only corroborate a bullish flag as the uptrend ensued. The bullish pressure continued to push the prices up to reach $17.20 by 4:30 UTC. The RSI was hovering in the overbought zone the entire time.
A strong reversal was on the cards, and a wide death cross formed at 04:45 UTC. Despite these bearish signals, the price slumped only a little to $17. This highlighted the potent bullish pressure. At 7:00 UTC, a bullish crossover formed on the MACD and the Ethereum Classic price started moving up to find initial resistance at $17.34/ However, with strong bullish pressure, the price has gone on ot breach the resistance to register a 24-H high of $17.41.
ETC Looks Poised to Stabilize, More Gains May Come
As of the latest update, the ETC price has seen some retracement to $17.30. However, the RSI has seen some relief and seems to be returning to the midline. If some consolidation occurs, more bullish ETC breakouts may be seen in the coming hours. However, if ETC dips below $17, the bears may start selling, and the overall trend may face a turnaround. As of now, $17.20 is a strong safety net for the ETC price against the bears.
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