Ethereum Classic is currently trading at $18.63, down 0.05% on the day. ETC is trading between $18 and $20 after a slight price correction this month.
Ethereum Classic Price Action and Indicators
Ethereum Classic is currently undergoing consolidation and its price fluctuates between $18.50 and $19.50. The price was unable to sustain the breakout around $19.50, leading to increased volatility.
Immediate support is at $18.50, where ETC rebounded earlier, but a break below this level could trigger a further downtrend. The Relative Strength Index (RSI) has declined from 52.53 to 45.49, indicating that the bullish pressure is weakening.
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Currently, the RSI is just below the 50 level, still at a neutral level, but suggesting selling pressure is increasing. A drop below 40 could indicate that ETC is entering an oversold situation, which could attract buyers.
The MACD is 0.05 below the signal line of 0.10, which indicates a bearish crossover. Although the bearish signal is weak, it suggests that selling pressure may accelerate if the price falls below $18.50.
Ethereum Classic (ETC) could rise 178% by late 2024
Some Ethereum Classic price predictions for November 2024 indicate that it could rise to $65.19 within a range of $42.76 to $93.90.
This forecast is based on last month's market performance and suggests that positive market trends could lead to significant gains. Looking at December 2024, the forecast has ETC in a trading range of $50.28 to $53.27, with an average price of $51.71.
This represents an increase of 178.62% from current levels, giving investors a potential return of 187.00% if the forecast holds true. Analysts say the recovery trend could continue until 2025.
Long-term price forecast shows significant upside potential
Ethereum Classic price in 2025 is expected to range between $22.84 and $55.73, with an average price of $37.22. Experts predict that the price of Ethereum Classic will rise by 200.22% by April, and December could be the lowest price of the year.
These forecasts point to strong performance over the medium term, especially if bullish momentum returns. In 2026, Ethereum Classic price predictions remain generally bullish.
ETC's highest price is expected to be $36.20 in May, and the lowest price is expected to be $16.3 in February. The average price in 2026 is projected to be $22.91, suggesting a positive long-term outlook despite volatility.
