Ethereum Classic (ETC) is trading around $8.85–$9.00, after a sharp rally in September followed by a pullback. Recent daily data shows ETC moved from about $7.19 on Sept. 15 to $9.50 by Sept. 25, before consolidating around $9.
📊 Technical Outlook
Current zone: $8.85–$9.00
Support: $8.40–$8.50
Major support: $7.60–$7.80
Resistance: $9.30–$9.70
Major resistance: $10.00–$10.40
Bullish breakout: Sustained move above $9.70–$10.00 could open the way toward $10.40–$11.20.
Bearish trigger: Losing $8.40 could bring another test of $7.60–$7.80.
Recent technical coverage also identified the $8.39, $8.08 and $7.64 areas as important downside zones following ETC's September rally.
🔥 Fundamental Catalyst
ETC's Era 6 block-reward reduction went live on September 28, cutting the mining reward by 20%, from 2.048 ETC to 1.6384 ETC per block. This reduces new issuance and is an important supply-side development.
📈 Bias
Short term: Neutral / cautiously bullish
As long as ETC holds $8.40–$8.50, the recent bullish structure remains intact. A clean breakout above $9.70–$10.00 would strengthen momentum, while a daily close below $8.40 would weaken the setup.
Key levels to watch:
$8.40 → $9.00 → $9.70 → $10.00 → $10.40
#ETC #CFTCSubmitsTwoEventContractRulesToWhiteHouse #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #levelsabovemagical
$ETC
📊 Technical Outlook
Current zone: $8.85–$9.00
Support: $8.40–$8.50
Major support: $7.60–$7.80
Resistance: $9.30–$9.70
Major resistance: $10.00–$10.40
Bullish breakout: Sustained move above $9.70–$10.00 could open the way toward $10.40–$11.20.
Bearish trigger: Losing $8.40 could bring another test of $7.60–$7.80.
Recent technical coverage also identified the $8.39, $8.08 and $7.64 areas as important downside zones following ETC's September rally.
🔥 Fundamental Catalyst
ETC's Era 6 block-reward reduction went live on September 28, cutting the mining reward by 20%, from 2.048 ETC to 1.6384 ETC per block. This reduces new issuance and is an important supply-side development.
📈 Bias
Short term: Neutral / cautiously bullish
As long as ETC holds $8.40–$8.50, the recent bullish structure remains intact. A clean breakout above $9.70–$10.00 would strengthen momentum, while a daily close below $8.40 would weaken the setup.
Key levels to watch:
$8.40 → $9.00 → $9.70 → $10.00 → $10.40
#ETC #CFTCSubmitsTwoEventContractRulesToWhiteHouse #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #levelsabovemagical
$ETC