Key Insights :
- Ethereum Classic price prediction for the upcoming days appears bullish and is poised for a massive upside rally.
- Looking at the current market sentiment, ETC appears to form an inverted head and shoulder pattern.
- A crypto expert suggests that Ethereum Classic (ETC) could reach $37 or even higher in the coming days.
Ethereum Classic price uptrend is at risk, as the broader market shows signs of weakness. On May 24, 2025, Bitcoin (BTC) and Ethereum (ETH) saw price drops.
BTC fell over 4%, while ETH declined by 4.85% in the past 24 hours. These declines raise concerns about the future of the market. Investors now question whether ETC’s uptrend will persist or reverse.
Current Market Sentiment & Ethereum Price Momentum
The notable fall in leading assets can trigger fear and a broader market correction in this rapidly evolving crypto landscape. This may explain ETC’s 6% price drop during the same period.
When writing, the Ethereum Classic price was trading at nearly $18.56. A price drop of over 5.85% in the past 24 hours was recorded. According to CoinMarketCap data, ETC’s 24-hour trading volume has decreased by 11% compared to the previous day.
ETC price has dropped significantly, contributing to a broader market downturn led by significant assets. This decline is driving traders and investors away, causing a decrease in trading volume.
A well-known crypto analyst shared a post on X, highlighting a bullish setup forming. This observation is based on the current market structure, ETC price action.
In the post, the expert stated, “ETC is recovering from a deep correction and showing signs of life. Holding above the breakout zone keeps the upside scenario valid toward the $40–50 range.”
Additionally, the expert shared his Ethereum Classic price prediction, noting $37.06, $44, and $49.22 as upcoming targets.
Ethereum Classic (ETC) Price Action and Technical Analysis
According to the expert’s technical analysis, the Ethereum Classic price prediction for the coming days appears to be challenging, as the price has reached a key support level at $18.
On the daily time frame, ETC has been moving in an uptrend, consistently taking support from a descending trendline, which indicates that the asset is still in an uptrend.
Besides this, on the daily time frame, ETC appears to be forming a bullish inverted head and shoulders pattern, although the pattern is not yet complete.
However, if ETC holds above the $18 level, there is a strong possibility that it could successfully complete the a bullish pattern and witness an upside rally.
If ETC maintains a position above $18, the Ethereum Classic price prediction suggests that it could see a 17% upside rally, with the price reaching the $22 level. On the other hand, if the ETC price fails to hold $17.70 and closes a daily candle below it, the prediction suggests that the asset may drop to the $15.70 level.
Besides the Ethereum Classic price prediction, ETC’s Stoch RSI currently stands at 14.54 and 20.05, indicating that the asset is in an oversold condition.
Historically, whenever the Stoch RSI enters this range, the asset often experiences a price reversal and a notable upside rally. This time, both expert analysis and price action suggest a similar upward move.
Traders and investors should closely monitor these levels to capitalize on a potential price rebound and upside rally.
$1.61 Million Worth of ETC Outflow
On May 23, 2025, the on-chain analytics firm Coinglass revealed that during the ongoing price decline, investors and long-term holders have been accumulating tokens.
Data from the spot inflow/outflow showed that exchanges recorded an outflow of over $1.61 million worth of ETC tokens in the past 24 hours, indicating potential accumulation.