Market Overview for Ethereum Classic (ETCUSDT) - 2025-08-26

• Ethereum Classic (ETCUSDT) declined from $21.86 to $21.12 over 24 hours amid rising bearish momentum.
• Price tested key support at $21.05 before rebounding, suggesting potential short-term stability.
• A bearish divergence in RSI and volume suggests further downside risk unless a strong reversal emerges.
• Volatility increased late in the session with a sharp rally to $21.59 at 12:45 ET.
• Bollinger Bands expanded, indicating heightened uncertainty and potential for a breakout or breakdown.

Ethereum Classic (ETCUSDT) opened at $21.80 at 12:00 ET on 2025-08-25, reaching a high of $21.87 before closing at $21.12 at 12:00 ET. Total volume was 570,928.79 ETH, and notional turnover was approximately $12.09 million. The 24-hour range reflected heightened bearish momentum and a notable late rally.

Structure & Formations

Price action showed a bearish trend with a notable swing low forming at $21.05 and a failed bearish breakdown below this level. A sharp rebound after 10:00 ET suggested short-term buying pressure. A potential bullish engulfing pattern formed at $21.12–$21.15, but it lacks confirmation. The $21.05–$21.08 zone appears to be a key support cluster, while $21.40–$21.50 acts as near-term resistance. A doji at $21.04 hinted at indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward, with price consistently below both, reinforcing the bearish bias. On the daily timeframe, the 50 and 200-day MA are both in a downtrend, with ETC currently below the 100-day MA. This suggests ongoing bearish control over the medium-term trend.

MACD & RSI

The MACD turned negative in the final hours and showed bearish divergence, suggesting continued downward pressure. RSI reached oversold territory near 30, but the lack of a strong rebound indicates weak conviction in the upside. A reversal from oversold levels could trigger a short-term bounce, but a sustained move above $21.40 would be needed to signal a broader reversal.

Bollinger Bands

Volatility was high, as evidenced by wide Bollinger Bands. Price spent much of the session below the lower band, reinforcing bearish sentiment. A late rally brought ETC back into the middle band, but it failed to close above it. A sustained move above the upper band would be a bullish signal, while a breakdown below the lower band could push ETC toward $20.90.

Volume & Turnover

Volume spiked during the late rally at $21.59, with a single 15-minute candle showing $55,929 of turnover. However, price closed near the lower end of the range, indicating the buyers lost momentum. Volume was generally higher on the downside, supporting the bearish bias. A divergence between rising price and declining volume in the final hours suggests a lack of conviction in the bounce.

Fibonacci Retracements

Applying Fibonacci to the 24-hour low of $21.05 and the high of $21.59, key retracements are $21.35 (38.2%) and $21.26 (61.8%). These levels acted as minor resistance during the rally. A breakdown below $21.05 would expose the next support at $20.90.

Ethereum Classic could find short-term support around $21.05–$21.08, but bears may test this zone again in the next 24 hours. A decisive close above $21.40 could trigger a short-term rebound, but the broader trend remains bearish. Investors should monitor volume and RSI for signs of a reversal. Risk remains skewed to the downside until a strong breakout above $21.50 occurs.