The price of Ethereum Classic (ETC) has seen a significant surge in recent days, attracting the attention of cryptocurrency traders. This article examines the reasons for this increase, analyzes the charts, and provides forecasts for future price movements.
Reasons Behind Ethereum Classic (ETC) Price Surge
As of July 18, 2025, the price of Ethereum Classic marks a substantial rise, reaching approximately $22.07 after a daily increase of 10.45%. This surge appears to be supported by a technical breakout, confirmed by volume increases and a positive market sentiment. Other cryptocurrencies, such as Bitcoin and various altcoins, are also showing positive momentum, which in turn supports the price increase of ETC.
Chart Analysis: Key Levels
On the **Heikin Ashi chart**, several key points can be identified:
- **Strong Bullish Candles:** The candles show minimal wicks and strong bodies, confirming the trend. - **Breakout Above Resistance Levels:** ETC price has decisively surpassed the $20 level and is currently testing the next resistance at $23.86. - **Fibonacci Levels:** Based on recent highs and lows, the 1.618 Fibonacci extension is projected to reach around $29.40, aligning with target estimates.
Ethereum Classic Price Forecast: Possible Scenarios
Current insights suggest that if momentum holds, Ethereum Classic price could rise to $29–$30 within the next 7–10 trading days. Present support is identified in the $20.50–$21.00 range. A drop below $20.50 could lead the price back to consolidation levels around $18–$19.
The current situation in the Ethereum Classic market indicates a strong bull trend with potential peaks near $30. However, traders should be prepared for possible volatility and price corrections in the coming days.
