Ethereum Classic Price Prediction: Can ETC Hit $20 After Breakout?

Key Insights:

• Ethereum Classic broke above a descending trendline, suggesting a potential uptrend.
• ETC traders are betting more on shorts than longs.
• The cumulative account growth over time is rising, while the active account number per period is declining.

Ethereum Classic price has broken above a key resistance trendline, signaling potential upward momentum. Analysts predict a short-term surge, driven by renewed market confidence.

Ethereum Classic Price Prediction

Ethereum Classic price has surpassed a declining linear boundary that restricted price movements since January 1, 2025. This breakout signals potential bullish tendencies, suggesting renewed market strength.

ETC demonstrated bullish price movement. This began when it surpassed $16.50 before reaching the $17.67 highest point. The price was rejected instantaneously, and the $17.50–$18.00 range was tested before it moved downward.

A retest or a pullback may occur depending on the strength of bullish pressure. The MACD indicator signals a bullish crossover.

The MACD line has risen above the signal line, reaching 0.10. Meanwhile, the signal line remains at -0.17, reinforcing upward momentum.

If Ethereum Classic price is above the $16.00–$16.50 support zone, it could extend its rally. The next resistance target stands at $20.00, signaling potential upside momentum.

A breakout above $20.00 could drive momentum toward $26.00. This move may also strengthen bullish market conditions, supporting further gains.

If ETC breaks below the $16.00 support, the price may fall toward $14.00. Moving ahead, crossing $14.00 could accelerate bearish momentum toward $12.00.

A critical point of support and resistance for ETC lies where horizontal resistance meets supply between $17.50 and $18.00. The trends for ETC remain positive with its resistance break.

Still, the apex of $18.00 needs to be passed to establish a sustained upward trend. Caution remains warranted below $16.00.

ETC Liquidation Heatmap

Public data showed substantial short position accumulation at the $17.80 and $18.00 price regions on the ETC/USDT liquidations heatmap. Liquidation areas manifest strongly at both $16.00 and $15.50.

Ethereum Classic price may move toward the $17.80–$18.00 zone as it targets liquidation points. These levels could trigger short positions while upward momentum persists.

The present trading level of ETC at $16.64 indicates it approaches the areas with less liquidity. ETC could advance toward the $17.80 short-term flushing area. However, it may exceed this boundary if short-term momentum increases.

If the $17.80 resistance holds firm, ETC could face a pullback. A dense liquidity zone at $16.00 may act as support, stabilizing price action.

The current discrepancy between short and long positions indicates a rising bullish force due to compulsory liquidations among short traders. A sustained failure to effectively surpass $17.80 price resistance would strengthen bearish trading strategies targeting $15.50 areas.

Behaviors near $17.80 will determine whether ETC moves upward or experiences additional downward pressure. Movement of prices toward areas with high liquidity levels will determine the primary factors behind short-term market volatility.

On-chain Activity

Between March 30 and April 27, the account total increased from roughly 10.60 million to nearly 10.72 million according to Blockscout. A progressive upward trend in this data indicated positive continuous growth in the accounts throughout the period.

The number of active accounts throughout each period has decreased since March 30. From March 30 to early April, active accounts peaked at 10,000 before declining. The number fluctuated between 5,000 and 7,000 during the period and finally stabilized at 5,000 on April 27.

Active account numbers dropped sharply toward the end of the period, settling at 5,000 by April 27. This decline marks a significant shift from earlier fluctuations. Still, the timing could have affected the results.

While the number of Bitcoin adopters steadily increases, the number of blockchain participants conducting activities continues to decrease.

This trend could reduce network utility levels because of the lower transaction volume. New incentives or chain activity show promise to resuscitate active account numbers later.