Key Insights:
- ETC trades at $18.64, forming a wedge pattern that targets a $25 breakout if confirmed.
- Whale transactions and exchange outflows suggest large-scale accumulation is underway.
- MACD crossover and RSI recovery point to a possible bullish reversal in the near term.
Ethereum Classic (ETC) price is showing signs of potential recovery after stabilizing near the $18 level. With increased whale interest, improving on-chain signals, a technical structure compression is suggested. Analysts are closely watching whether ETC can initiate a breakout toward the $25 zone.
ETC Price Prediction: Crypto Holds $18 as Bulls Attempt Rebound
On ETC price prediction, after weeks of downward pressure, Ethereum Classic has managed to stabilize above the $18 support level.
Current price action on major exchanges shows ETC trading at $18.64, maintaining a narrow range between $18 and $19.25. This zone has acted as a key demand region, preventing further downside for now.
Notably, the last time ETC price broke below $18 was in December 2022, which then sparked a short-term rally back toward $22.
That historical bounce zone is again being tested, with technical traders now monitoring a potential ascending triangle forming on the daily chart. A clean break above $19.80 could mark the beginning of a climb toward the $22–$25 resistance band.
Additionally, volume has remained muted, but daily candlesticks are forming higher lows, suggesting underlying buyer interest is returning, albeit cautiously.
Technical Indicators Suggest Upside Setup Forming
Further on ETC price prediction, the MACD on the daily chart has just crossed into a bullish zone, with the signal line rising above the baseline.
The histogram has flipped green for the first time since early April, signaling a potential momentum shift. Traders view this MACD crossover as an early indicator that a trend reversal could be underway.
Meanwhile, the RSI currently reads 54, rising from a recent low of 41. This places ETC back in a neutral-to-bullish range, confirming that the token is no longer oversold and may be gearing up for a broader move.
Additionally, the 50-day EMA lies near $19.40, serving as the immediate resistance to watch. If ETC can close above this level, the path toward $22 may open, followed by a possible retest of $25, the February 2024 high.
Key support is at $17.50. A break below this level could invalidate the bullish setup and reintroduce selling pressure.
Whale Activity Strengthens as Exchange Outflows Rise
More so, whale behavior surrounding Ethereum Classic has shifted in favor of accumulation. According to Santiment data, the number of $100K+ ETC transactions has risen 11% in the past week, coinciding with a drop in tokens moved to exchanges. This suggests that large holders are building positions rather than preparing to sell.
On-chain metrics further show that wallet addresses holding more than 500,000 ETC have steadily increased their balances, particularly between the $17.80 and $18.60 price zone. This bracket has historically served as a long-term support and accumulation range.
Lookonchain also reported a notable transaction where a whale transferred 850,000 ETC from Binance to a self-custodied wallet on May 21. Such activity is typically interpreted as a bullish signal, reflecting long-term conviction rather than short-term trading intent.
These developments align with a broader market trend of institutional and large-scale investors seeking value in legacy proof-of-work coins, especially as newer tokens face regulatory pressure.
ETC Price Prediction: Pattern Setup Points to $25 Target
More on ETC price prediction, the weekly chart of ETC revealed a descending wedge that has been forming since April 2023. This pattern is typically bullish when accompanied by volume expansion and MACD confirmation, both of which are emerging now.
A breakout from this wedge projects an upside target of approximately $25, aligning with horizontal resistance from early Q1.
Historically, Ethereum Classic has responded strongly to clean breakouts from similar wedge structures, with previous moves producing gains of 30–60% within few weeks. If the current trend holds, ETC may follow a similar trajectory as broader altcoin sentiment recovers.