Current price: ETC is around $7.57, after a sharp correction from the recent $8.60–$9.00 zone. The short-term structure is currently cautious/bearish, with daily technical indicators showing sell pressure. �
For the next 7 days, the key support zone is $7.40–$7.50. If this area holds, ETC could recover toward $7.80–$8.00, with a stronger breakout potentially targeting $8.30–$8.60. If $7.40 breaks decisively, downside targets become $7.10–$7.20. A major market catalyst is the September 16 Fed decision, which could increase volatility across crypto. �
Spot strategy: Prefer buying near $7.40–$7.55 rather than chasing a sudden pump. First target $7.90, second $8.30, with a risk level below $7.25.
Futures strategy: For longs, wait for a confirmed move above $7.75–$7.85 and target $8.10–$8.40. For shorts, a confirmed breakdown below $7.40 could target $7.20 and potentially $7.00. Use 2–3× leverage maximum because ETC has recently shown large daily swings. Recent models also indicate a relatively low-confidence, range-bound market.