📊 Technical Summary
Support Levels: $12.55 and $16.88 – both have historically acted as accumulation zones.
Current Price: ~$18.55
Resistance/Target Zone: $64.29 — this aligns with a historical resistance area and implies a +381% potential upside.
Pattern Context: Price has been consolidating for nearly two years within a wide range after the 2021 peak. This long base often precedes explosive moves.
🔍 Key Observations
Long-term Base Formation: ETC is forming a strong multi-year base — a common precursor to major bullish breakouts.
Historical Breakout Zone: The $12–$18 range acted as launchpad in 2021 and is now holding again.
Massive Upside Potential: If the breakout is confirmed, a move toward $64.29 is realistic based on prior price action.
🎯 Outlook
Bullish Bias while price holds above $16.88.
Confirmation of breakout above ~$22–$25 range could trigger parabolic rally.
Target: $64.29
Risk: Breakdown below $12.55 would invalidate the setup.
✅ Conclusion
Ethereum Classic is showing classic signs of a macro reversal. As long as it maintains the current accumulation zone, it remains a strong candidate for long-term upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.