Despite a predominantly bearish crypto market, Ethereum Classic (ETC) stands out with a remarkable surge in value, showcasing its resilience and potential for further growth. The source notes that this increase may be attributed to several factors, including increased adoption and network upgrades.
Ethereum Classic Surges by 315%
In the last 24 hours, Ethereum Classic has skyrocketed by 315%, indicating strong buying pressure. The hourly chart suggests a bullish trend, and if this momentum continues, ETC could aim for the 13 area as the daily bar approaches resistance levels.
Buyers in Control of Price Action
On a broader time frame, buyers are firmly in control of ETC's price action. Should the candle close at or above current levels, traders might see a test of the 1313.50 range in the upcoming week. Additionally, from a midterm perspective, the altcoin has rebounded from the support level at 114.7, and if the weekly bar remains significantly above this mark, a local rise to the 131.4 zone could be anticipated by the end of the month.
Current Trading Status
Currently, Ethereum Classic is trading at 128.4, reflecting its potential for continued upward movement in the near future.
Ethereum's performance in 2025 was marked by significant volatility, contrasting with the recent surge of Ethereum Classic. For more details, see the full article here.
