ETC Price Prediction: Ethereum Classic Support Level Under Threat
Key Insights:
- Ethereum Classic (ETC) is at a make-or-break level; even a slight price change could shift overall sentiment.
- The ETC price prediction for the coming days depends on the current level of $15.50.
- ETC traders are strongly betting on the bearish side, having built $13.14 million worth of short positions.
Ethereum Classic’s native token, ETC price prediction remains uncertain as on-chain metrics flash mixed signals. While the asset is at a key support level of $15.50, it appears to be garnering notable attention from traders and investors eager to see ETC’s next major move.
Current Market Sentiment & ETC Price Momentum
At present, ETC is trading near $15.90 and has witnessed a 1% price surge over the past 24 hours. This increase comes at a time when the overall market is either struggling to gain momentum or experiencing downward pressure.
Meanwhile, based on the current sentiment around ETC, traders and investors have shown strong interest in the token, resulting in a recorded 30% surge in trading volume. This increase in volume reflects growing strength and positive momentum for the asset.
Despite the positive momentum in ETC’s price, investors and traders hold mixed views. While some appear to be accumulating the token, others are betting on the bearish side, according to on-chain analytics firm Coinglass.
Data from spot inflow/outflow reveals that exchanges have recorded an outflow of $1.06 Million worth of ETC tokens over the past 24 hours.
This outflow, amid market uncertainty, indicates potential accumulation and could lead to buying pressure and upward momentum if it intensifies
$13.14 Million Worth of Bearish Bet
On-chain metrics further reveal that traders are over-leveraged at $15.44 on the lower side (support) and $17.46 on the upper side (resistance).
Additionally, they have built $3.51 Million worth of long positions and $13.14 Million worth of short positions at these respective levels.
This data clarifies that bears are currently dominating the asset, believing that the ETC price is unlikely to surpass the $17.46 level.
ETC Price Action & Technical Analysis
According to expert technical analysis, ETC’s price prediction for the coming days depends on market sentiment and the key support level near $15.50. As per the daily chart, ETC is currently receiving horizontal support as well as support from an ascending trendline.
Both of these support levels have been providing strong support to the ETC price since the beginning of April 2025.
ETC Price Prediction
Based on recent price action and historical patterns, if the ETC price momentum shifts and fails to hold these key support levels, with a daily close below the $15.50 mark, the price prediction could turn bearish. In this scenario, ETC could experience a 13% downside momentum, potentially reaching the $13.50 level.
ETC’s price prediction could turn bullish if it holds both resistance levels and maintains above the $15.50 mark. If this happens, the asset could soar by 10%, reaching the $17.50 level in the coming days.
Besides the unclear price prediction, Ethereum Classic’s (ETC) Relative Strength Index (RSI) stands at 46, indicating neutral momentum. This suggests that neither bulls nor bears currently dominate the market. If the RSI dips below 40, it could signal growing bearish pressure, while a move above 50 might indicate a potential bullish reversal.
Combining the price action with on-chain metrics suggests long-term holders are betting on the asset’s long-term prospects. Meanwhile, traders seem to be taking advantage of the current bearish sentiment.
