Ethereum Classic (ETC) has shown significant growth after a prolonged consolidation period, potentially indicating the beginning of a new bullish trend. Currently, the cryptocurrency is confidently moving along an upward trajectory, attracting investor interest.
Technical Breakout Confirms Bullish Trend
Ethereum Classic has increased by more than 32% over the past week, reaching $24.34, and has broken the resistance level around $18, marking a breakout from a cup and handle pattern. Key target levels for further growth are 27.90 and 30.82 dollars.
Market Structure Support Enhances Growing Interest
Support for the growth is provided by high trading volumes and capital inflows. Currently, ETC continues to exhibit high Relative Strength Index (RSI) values and positive volume ratios, indicating strong demand among investors.
ETC Price Forecast Through 2030
According to current technical data, Ethereum Classic could reach the following price levels in 2025: a low of $20.50, an average of $27.00, and a high of $30.82. Further growth is also anticipated in 2026-2030 if the project retains relevance and interest in its application in decentralized apps increases.
The recent surge of Ethereum Classic may indicate the onset of a new bullish trend, supported by technical indicators and increasing investor interest. The future development will depend on ETC's ability to maintain key support levels and break through critical resistances.
