Market Overview for Ethereum Classic (ETCUSDT) as of 2025-08-25

Summary
• Ethereum Classic (ETCUSDT) declined 8.3% in 24 hours, breaking below key support at $22.20.
• Strong bearish momentum evident with RSI below 30 and MACD confirming a bearish crossover.
• Volatility expanded significantly, with Bollinger Bands widening from $22.25 to $24.40.
• A large red candle on the 15-minute chart at 19:45 ET-1 triggered a sharp sell-off.

Ethereum Classic (ETCUSDT) opened at $23.47 on 2025-08-24 at 12:00 ET, reached a high of $24.40, and fell to a low of $21.74, closing at $21.78 at 12:00 ET on 2025-08-25. Total 24-hour volume amounted to 691,224.45 units, with a notional turnover of $16,507,200.

Structure & Formations

The price of Ethereum Classic broke below a key support level at $22.20, which had previously acted as a psychological floor and part of a descending triangle pattern. A long bearish candle at $22.69–$22.70 (2025-08-25 00:45 ET) marked a significant bearish reversal. A large red candle at $24.30–$23.84 (19:45 ET-1) confirmed a breakdown in buying momentum, followed by a continuation of selling pressure into the early morning session.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below the price after 19:45 ET-1, confirming bearish momentum. The 50-period daily moving average is now below the 200-period MA, indicating a bearish bias for the longer term.

MACD & RSI

The MACD line crossed below the signal line early on 2025-08-25, reinforcing a bearish signal. RSI hit oversold territory (28) by midday on 2025-08-25, but without a reversal, this suggests further downward pressure is likely.

Bollinger Bands

Bollinger Bands expanded significantly from $22.25 to $24.40, reflecting heightened volatility during the sell-off. Price closed near the lower band at $21.78, indicating continued bearish pressure and potential for further downside.

Volume & Turnover

Volume spiked to 177,784.12 units at 19:45 ET-1, coinciding with the large red candle that triggered a sharp sell-off. Total turnover of $16.5 million suggests a strong distribution event. No notable price-volume divergence was observed; volume and price action moved in tandem.

Fibonacci Retracements

The recent 15-minute swing from $24.40 to $21.74 showed key retracement levels at 38.2% (~$23.06) and 61.8% (~$22.82). These levels appear to have failed as price continued lower, confirming bearish exhaustion in the short term.

Ethereum Classic may continue to face pressure toward the next Fibonacci level at $21.30, with a potential bounce from the 38.2% retracement (~$22.30) possible if buyers re-enter. Investors should remain cautious as the RSI remains in oversold territory but has yet to confirm a reversal.