Ethereum Classic (ETC) occupies a unique position in the cryptocurrency world, maintaining its original principles following its split from Ethereum (ETH). In this article, we explore the current state of ETC, news, and price forecasts.
History of Ethereum Classic
Ethereum Classic originated in 2016 after the DAO hack, leading to a split in the Ethereum community. Unlike Ethereum, which opted for a rollback, ETC continued on the original chain, refusing to alter its history. This choice solidified its reputation as the blockchain for 'purists', who believe in the principle that 'code is law'. As a result, ETC has developed its own ecosystem, supporting smart contracts and decentralized applications.
Current News and Developments
The past year has been historic for Ethereum Classic. The long-awaited Olympia upgrade was delivered, implementing the EIP-1559 fee reforms which now burn a portion of transaction fees, exerting deflationary pressure on ETC's supply. The upgrade also introduced the activation of the Olympia Treasury and a Decentralized Autonomous Organization (DAO), enabling ongoing funding and governance for the network. These reforms have injected new life into the ETC ecosystem, rekindling interest from investors and developers. As of May 2025, Ethereum Classic is trading around $19.30, a solid 27% increase over the past month, indicating renewed investor confidence.
Technical Analysis and Price Forecast
From a technical standpoint, Ethereum Classic's near-term momentum is very positive, having recently recorded a strong rally. Medium-term technicals are also bullish and supported by favorable moving averages. However, the RSI and MACD indicators suggest caution as ETC approaches overbought territory. The overall sentiment is mildly bullish, with key support levels at $15.78, $17.24, and $18.01, and resistance at $18.79, $19.17, and $19.57. Price predictions for Ethereum Classic from 2025 to 2030 estimate that in 2025, the average price will range from $19.10 to $40.50, with increasing projections in the following years.
The price forecast of Ethereum Classic is laden with both opportunities and uncertainties. With prices fluctuating between $18 and $25 and more optimistic scenarios potentially pushing prices above $100 by the end of the decade, ETC continues to be a project worth watching in the cryptocurrency sector.
