Current situation (June 1, 2025):
- Price: ~$18–$19 (USD, based on current data).
- Context: Ethereum Classic is the original Ethereum blockchain, preserving immutability after the DAO hack (2016). Focuses on PoW, decentralization, and smart contracts. Market capitalization: ~$2.7–$2.9 billion (ranking ~30).
Technical forecast for 2026:
- Prices:
- Optimistic: $36–$76 (growth of 100–300%) in a bullish market and increasing interest in PoW.
- Neutral: $22–$46 (growth of 20–140%).
- Pessimistic: $12–$15 during market correction or regulatory restrictions.
- Levels:
- Support: $16–$17, $12–$14.
- Resistance: $20–$22, $30–$36.
- Trend: Bullish on long-term timeframes (W1, MN), but volatile. RSI (~45–50) is neutral, 50/200 MA confirm bullish trend, consolidation possible at low volumes.
Fundamentals:
- Growth drivers:
- Support for PoW mining (an alternative for miners after ETH's transition to PoS).
- Growing interest in decentralized finance and NFTs on ETC.
- Integrations with exchanges (Binance, Coinbase) and wallets.
- Potential demand for PoW blockchains under regulatory restrictions on PoS.
- Risks:
- Competition from Ethereum (PoS), Solana, and other L1s.
- Regulatory restrictions (SEC, classification as a security).
- Low developer activity compared to ETH (TVL ETC ~$50 million vs. $100 billion ETH).
- Dependence on BTC and overall market dynamics.
Recommendation:
- Investors: Buy on correction to $16–$17, stop below $12. Target: $30–$36. Mining or holding for long-term growth.
- Traders: Buy on breakout at $22, target $30–$36. Sell below $16, target $12–$14.
- Risk: 1–2% of deposit, consider volatility.
Risks: Regulation, competition, BTC decline, low ecosystem activity.