Crypto Market Update: Ethereum Classic (ETC) Analysis – May 13, 2025
Current Price: ~$19
Market Cap Rank: #37
Market Cap: $2.89B
Analysis Summary:
Ethereum Classic (ETC) is currently sitting in an undervalued zone, according to the bull market valuation tool. Historically, entries during undervaluation (~$17–$18) have resulted in significant gains, with take-profit zones near $40.
The price recently got rejected at $21, and is now retesting the $17 support zone — a strong re-entry level before potential upside movement.
Key Levels (Daily Timeframe):
Entry: $17.00–$18.00
Target 1: $25.00
Target 2: $33.00
Target 3: $40.00
Stop Loss: $15.90 (below recent swing low)
Supporting Market Insights:
1. Total Crypto Market Cap: Currently $3.2T, targeting $5.7T. Still bullish with room for growth before hitting overvalued zones.
2. Altcoin Market Cap: Bouncing from $1.2T support; potential to reach $2.4T.
3. USDT Dominance: Falling, indicating funds rotating back into altcoins and BTC — bullish for crypto overall.
Conclusion:
ETC and altcoins remain in a bullish setup. Consolidation is likely short-term, but technicals and macro indicators suggest upside continuation in the coming weeks.
