Have you been tracking the Ethereum Classic price charts, looking for a good position to enter the market? If yes, let’s quickly look at the latest ETC price movements to make an informed decision. The token has entered a phase of subdued momentum, with the price action indicating broader uncertainty in the crypto market. Over the past 24 hours, ETC has depreciated by 4.20%, starkly contrasting the bullish week it has spent. The current downturn suggests a cooling-off period after the recent market-wide bull run.
The 24-H market volume has also decreased by 30%, showing that traders are watching the ETC price charts from the sidelines. Technical indicators also paint a mixed picture. So, without further ado, let’s study the latest Ethereum Classic price analysis and determine the possible scenarios in the coming days. ETC price prediction at the end!
Ethereum Classic Price Analysis of the Last 24 Hours
Yesterday, Ethereum Classic began trading at $16.7. The ETC price continued to fluctuate in the upward channel from yesterday, dropping to $16.64 in the first two hours of trading, but continued to spike up and climb as rapid action occurred on the MACD indicator. By 3:00 UTC, ETC reached $17. A slight correction was seen, as ETC consolidated around the $16.85 mark. As the EMAs converged again, a golden cross formed, and the ETC price rose to $17.06, facing strict rejection. The coin soon retracted to $16.8. A trading range formed.
Chart 1: published on TradingView, April 24, 2025
The coin soon retracted to $16.8, and a trading range formed. With a lower boundary of $16.82, the trading range lasted until noon, with ETC attempting to test the resistance on several occasions but failing to rise beyond $17. At 13:25, ETC made its last futile attempt to test the resistance. Right after, the RSI dipped towards the selling zone, forming a downward channel. This channel finally led ETC to bottom at $16.55 at 15:00 UTC.
The reversal came in around the same time with a golden cross, as ETC quickly regained the $16.9 level by 18:00 UTC. However, the $17 resistance continued to hinder ETC’s growth, and another correction occurred. The ETC price finally found respite at the $16.75 level. Another trading range was observed with ETC flatlining at $16.8 until midnight.
A Closer Look at Ethereum Classic Movements on April 24
Twenty minutes into the day, a wide death cross formed on the MACD indicator. A downward breakout from the trading range was seen, and ETC quickly reached $16.54. Some reversal was seen at this point, but the overall downtrend continued to pull the coin down. The price finally bottomed at $16.4. Oversold conditions prevailed at this point. However, the coin could only muster a reversal to $16.5. After that, the bears continued to dictate the price movement, ETC relinquished the support at 8:05 UTC, falling as low as $16.2. As of the latest update, Ethereum Classic trades at $16.3
ETC Price Prediction: Can ETC Continue Further Up?
Ethereum Classic has had a dismal first quarter. However, it was able to post some gains last week as the crypto market boomed. But it seems like last week’s bull run hit a definite ceiling, ETC has entered its correction phase. The bearish pressure is mounting, and the ETC price has been unable to stage any considerable reversal. If not countered soon, this slow bleed could lead to more aggressive lows in the coming days. $16 will be a critical support for the coin to hold. Failing to do so may trigger considerable sell-offs.
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