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Ethereum Classic Surges 13% in Sudden Price Uptick

Coin WorldMonday, Mar 3, 2025 7:57 am ET
1min read

Ethereum Classic (ETC) experienced a significant surge on March 3, 2025, with its price rising from $18.85 to $21.30, marking a 13% increase. This sudden uptick has sparked speculation among traders and investors about a potential reversal in the ongoing downtrend. To better understand this price movement, let's delve into the Ethereum Classic price analysis for March 3, 2025.

On March 2, at 09:00 UTC, ETC broke out of a channel to the upside but failed to establish an upward trend. The Relative Strength Index (RSI) moved into the overbought area at 09:30 UTC, indicating an overstretched price. A death cross in the Moving Average Convergence Divergence (MACD) at 10:30 UTC further suggested that the price might decline. ETC then moved down within a channel, reaching its daily low of $18.85 and forming a range. At 14:15 UTC, the RSI moved into the oversold area, suggesting a possible reversal or at least a correction in the price.

At 15:20 UTC, ETC broke out of a small range to the upside, which was further confirmed by a golden crossover in the MACD at the same time. The price rose and formed a converging triangle pattern, which broke out to the upside at 16:30 UTC. Meanwhile, the RSI traveled above the level of 70, suggesting a correction in the price. At 17:45 UTC, a death cross appeared in the MACD, and the inability of the price to break the day's high of $21.30 indicated a potential lower price ahead.

At 18:30 UTC, ETC broke down from an upward-moving channel, pushing the price lower. A converging triangle formed, which again broke out to the downside at 00:00 UTC on March 3, creating a range. The range broke out to the downside, resulting in a spike and channel pattern that further pushed the price lower at 02:05 UTC.

At 02:05 UTC, the RSI moved into the oversold area, suggesting a pullback.

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HotAspect8894
03/03
RSI in overbought, better cash out fast
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DisabledScientist
03/03
ETC moon soon? Bulls getting restless.
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cuzimrave
03/03
@DisabledScientist You think so?
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Booknerdworm
03/03
Holding ETC long-term, diamond hands here.
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Loud_Ad_6880
03/03
Death cross? Bear trap or real panic? 🤔
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ExeusV
03/03
@Loud_Ad_6880 Death cross ain't always a loss.
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whiteiversonyeet
03/03
@Loud_Ad_6880 Bear trap, maybe. Market's tricky.
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sniper459
03/03
RSI in overbought then oversold? Whiplash! Time to buy the dip or nah?
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EX-FFguy
03/03
MACD flipping bullish, is the tide turning?
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slumbering-gambit
03/03
Death cross on MACD? Classic bear trap. HODLing ETC till moon or bust.
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Howell--Jolly
03/03
ETC's wild ride today, anyone else think it's just a pump and dump?
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Elibroftw
03/03
@Howell--Jolly Could be, just hold.
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Ok-Razzmatazz-2645
03/03
$21.30 high, can ETC hold or drop?
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Moon Mission BTC
03/03

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zeren1ty
03/03
@Moon Mission BTC 👍
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HobbyLegend
03/03
ETC's volatility is wild, but I'm holding long-term. Gotta ride the waves and catch the big ones. 🌊
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