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Ethereum Classic (ETC) has emerged as a focal point for traders seeking short-term opportunities in the altcoin market. As of August 2025,
is trading near $21.09, with technical indicators painting a mixed but cautiously optimistic picture. This article examines the asset’s price trajectory through key technical metrics, breakout levels, and market sentiment to assess its near-term potential.ETC’s current price sits just above its 50-day moving average ($20.3) and below its 200-day moving average ($18.6), creating a bullish “golden cross” signal [2]. However, recent data shows the price has dipped below both moving averages, signaling a potential bearish shift [4]. The Relative Strength Index (RSI) hovers around 53.5–58.87, indicating neutral market conditions, while the MACD line remains above the signal line, suggesting lingering bullish momentum [2].
A critical divergence exists in the MACD histogram, which turned negative in late August (-0.1656), confirming downward pressure [3]. Meanwhile, the Stochastic Fast indicator (87.79) and Commodity Channel Index (66.67) suggest overbought conditions and a sell signal, respectively [4]. These conflicting signals highlight the market’s indecision, with traders closely watching key support and resistance levels.
ETC’s immediate resistance level is $24.12, with a projected 1-month target of $22.95 and a 3-month target of $35.92 [1]. A successful breakout above $24.12 could trigger a rally toward $25.93 and $27.49, aligning with the 50-day moving average’s bullish bias [5]. Conversely, a breakdown below the $21.05 support level would likely push the price toward $20.90, with further bearish implications if the $21.05 threshold is breached [3].
Short-term traders should monitor the $21.40 level, as sustained movement above this price could reignite bullish momentum and validate the 50-day moving average as a dynamic support [3]. The 5-day moving average (22.66) currently acts as a sell signal, but a reversal above this level could signal a near-term bottom [4].
While the 1-month price prediction of $22.95 reflects a 10.25% increase from current levels [1], bearish indicators like the RSI and MACD histogram suggest caution. A 5-day high of $23.97 on September 3, 2025, is projected, but this hinges on ETC maintaining above $21.40 [1]. Broader market conditions, including macroeconomic factors and regulatory news, could amplify volatility, making risk management essential for short-term traders.
Ethereum Classic’s short-term price potential is contingent on its ability to hold above critical support levels and generate bullish momentum. While the 50-day moving average and 3-month price targets offer optimism, traders must remain vigilant to bearish signals like the MACD histogram and overbought Stochastic readings. A breakout above $24.12 could unlock significant upside, but a breakdown below $21.05 would likely extend the downtrend. Investors should balance technical analysis with broader market context to navigate ETC’s volatile landscape effectively.
Source:
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