Ethereum Classic is trading near $7.42. The more important question is whether buyers can stop the trend of lower prices.
ETC has given back a significant portion of its September rally. The daily chart now shows a clear shift from aggressive buying to persistent selling pressure.
Here's what stands out to me.
📉 1. The trend has changed.
After reaching above $10 in September, ETC entered a sustained decline. Recent rebounds have struggled to regain the ground lost, suggesting buyers have yet to establish control.
📊 2. The $7.30 area is the immediate level to watch.
ETC's reported 24-hour low is $7.32. If buyers defend this zone, the market could attempt a short-term recovery.
But if price breaks below it decisively, the next area to watch is around $7.00, a previous chart region where price consolidated.
🟢 3. Recovery needs confirmation.
The $7.70 to $8.00 region is the first resistance zone I'm watching. Reclaiming it would be an initial improvement, but one green candle wouldn't confirm a trend reversal.
My biggest observation?
A falling price doesn't automatically make an asset undervalued.
ETC needs more than a bounce. Buyers need to demonstrate sustained demand, stronger price structure and the ability to reclaim resistance.
Until that happens, I would treat any recovery as a potential relief rally rather than assume a new uptrend has begun.
The levels that matter next:
• Support: $7.30, then around $7.00
• Resistance: $7.70 to $8.00
• Current price in the screenshot: $7.42
These are chart-based reference zones, not guaranteed turning points.
What's your view on
$ETC ? Is this a potential accumulation zone, or does the chart suggest more downside before a durable recovery?
#EthereumClassic #CryptoAnalysis #BinanceSquare Technical analysis based on the Binance ETC/USDT chart screenshot dated October 29, 2026. Price levels can change quickly. This is market commentary, not financial advice.
$ETC