Ethereum Classic (ETC) is getting more attention in the world of blockchain because it stays true to the original idea of a secure and unchangeable smart contract system. It continues the original Ethereum network and focuses on keeping transactions safe and free from control.
More people and developers are starting to use ETC because of these values. With regular updates and more apps being built on it, Ethereum Classic is becoming a stronger and important part of the crypto world.
Ethereum Classic (ETC) is back in the spotlight. The coin is currently trading at $17.42, showing a 5.03% increase. Trading volume has soared to $77.35 million in the last 24 hours, rising 44.65%. Over the past week, price changes have been mild, up just 0.89%.
Price squeezes between resistance and support
Analysts are watching closely. Popular crypto analyst JohncyCrypto notes a symmetrical triangle forming on ETC’s daily chart. This classic technical pattern signals a tightening price range, often seen before major moves. If ETC breaks out above the resistance, it may quickly hit $18.70, $21.00, or even higher targets.
The chart shows the price moving between two lines , one going down and one going up. The price swings are getting smaller, which usually means a big move is coming around mid-2025. Traders watch these patterns to decide when to buy or sell, hoping for a strong price jump after the price breaks out of this pattern.
Trading volume is also important. During this quiet period, the amount of trading has gone down. This is normal because when the price finally breaks out, volume often jumps, and the price can rise quickly. Important price points to watch are $18.70, $21.00, $24.50, and $28.50. These numbers come from measuring the size of the triangle and adding it to the breakout level.
Ethereum classic short-term momentum builds toward year-end
Short-term momentum for ETC is growing, but long-term predictions differ. DigitalCoinPrice thinks ETC could go up to $38.31 by the end of the year. They even believe it might reach its all-time high of $176.16 again soon. This is a bold prediction, but some investors agree.
Changelly gives a less bullish prediction. According to their forecast, the price of ETC will be traded in the range between $17.90 and $19.25 by 2025. In June, they expect for high that is not distant from $20.34 and for low that is not far from $16.96 . It means rise on slower pace if there would be no breakout to change current trend completely. By all means the behavior of ETC’s price on this month will have an impact onto how it performs in the rest of the year thereafter.
