#Ethereum Classic $ETC has been making headlines recently, navigating existential debates and ecosystem growth amid mixed market signals. Here are the latest updates:
*Recent Developments*
- *Olympia Upgrade*: Introduces EIP-1559 fee burns and on-chain DAO governance, expected to be implemented by late 2026, adding deflationary pressure and decentralizing development funding.
- *$ETC Grants #DAO *: Targets Hong Kong expansion, pushing Proof of Work adoption in Asia's regulatory hubs.
- *Critics Label ETC a "Dead Token"*: Amidst debates about blockchain immutability, ETC's "Code is Law" philosophy ensures stability, but slower innovation may limit competitiveness against faster-moving chains.
*Market Performance*
- *Current Price*: $ETC is trading around $16.22, with a 24-hour trading volume of $526.07 million, representing a 4.6% decrease.
- *Price Prediction*: Analysts forecast ETC to reach $37.89 by 2025, with potential highs of $244.66 by 2030.
*Technical Analysis*
- *Support and Resistance*: Key support at $14.53, resistance at $18.02 (20-day SMA).
- *RSI*: 35.31, reflecting bearish conditions, approaching oversold territory ¹ ² ³.
Would you like to know more about Ethereum Classic's Olympia Upgrade or its potential applications?
