The ETC breakout structure remains active with the target set at $127.65.
Current ETC price action holds above the former resistance zone.
ETH surged 4.4% in 24 hours, topping $2,587 before retracing.
Ethereum Classic (ETC) is holding firm within a confirmed breakout structure, according to recent chart data. The asset has been consolidating near current levels while market analysts monitor a projected upside target. The anticipated level of $127.65 stands more than 510% away from the present market value.
Breakout Structure Remains Active
Javon Marks' analysis indicates that ETC has broken through a key resistance range, shifting attention toward its next target. The recent price action formed a breakout structure often linked with longer-term trend continuation. Javon references historical movement patterns that align with such formations.
A deeper analysis notes that Ethereum Classic (ETC) recorded a strong initial surge before entering a prolonged downward correction. The asset peaked sharply, then followed a descending arc marked by successive lower highs and volume spikes. Following this phase, the chart shows a consolidation range with notable fluctuations between $13 and $28.
Source: Javon Marks (X)
Volume remained relatively stable during this period with brief surges near local tops. Recently, the price has shown an upward breakout from the previous low near $17. ETC is now approaching $26 with rising volume support. The asset remains above previous resistance, which now acts as a support zone. The positioning reinforces current technical support strength. A continued hold above this level keeps the breakout structure valid on higher time frames.
Target Zone Sits Over 510% Above Current Price
The target set at $127.65 reflects a calculated projection based on chart extension levels. This price point sits approximately 510% above ETC’s last registered level before the report. Traders and market observers have taken interest due to the size of the gap between current price and the target area.
Tracking the current price action, Coingecko data indicates that Ethereum Classic (ETC) traded at $19.88 after rising 1.5% over the past 24 hours. The price fluctuated between $19.32 and $20.70 during this period. The market cap stood at $3.01 billion, matching its fully diluted valuation. ETC recorded $179.01 million in 24-hour trading volume.
Source: Coingecko
Circulating supply remained at 151.86 million with a maximum supply capped at 210.7 million tokens. Price movement showed a sharp rise past $20.50 before reversing near midday. The pullback reached below $19.60, followed by a minor rebound. Volume bars remained steady, indicating consistent trade activity during the intraday shift. Liquidity supported recovery above $19.75.
Market movement reflects intense intraday volatility and liquidity support. With the breakout in place and the target well-defined, ETC remains positioned for review across short and mid-term intervals. The $127.65 mark remains on watch as the next technical objective.
