Key Takeaways
- Ethereum Classic price faces bearish pressure around $19
- Our Ethereum Classic price prediction expects the ETC price to record a maximum level of $23.83 in 2024.
- In 2030, we expect the ETC price to achieve $244.66.
Following the U.S. SEC’s approval of the Bitcoin Spot ETF and Ethereum ETF, altcoins have gained momentum. Although there’s increased selling pressure on cross-border payment systems, the price of Ethereum Classic has managed to stay around the $20 threshold.
Should the crypto market undergo a bullish reversal, the demand for Ethereum Classic (ETC) could surge, potentially pushing its price beyond $40.
ETC is one of the premier blue-chip cryptocurrencies, indicating strong potential for sustained growth. Curious about what lies ahead for ETC? Explore Cryptopolitan’s comprehensive Ethereum Classic Price Prediction for 2024-2030, which offers vital insights.
This article covers a detailed exploration of technical and sentimental analyses that reveal the future ETC price trends from 2024 to 2030. Let’s dive into this in-depth price prediction and discover the future market potential of Ethereum Classic.
Overview
| Cryptocurrency | Ethereum Classic |
| Token | ETC |
| Price | $19 |
| Market Cap | $2,831,916,976 |
| Trading Volume | $103,093,881 |
| Circulating Supply | 148,315,693 ETC |
| All-time High | $176.16 |
| All-time Low | $0.45 |
Ethereum Classic Technical Analysis
| Metric | Value |
| Current Price | $ 19.01 |
| Price Prediction | $ 32.79 (72.51%) |
| Fear & Greed Index | 31 (Fear) |
| Sentiment | Bearish |
| Volatility | 9.47% |
| Green Days | 12/30 (40%) |
| 50-Day SMA | $ 21.93 |
| 200-Day SMA | $ 26.89 |
| 14-Day RSI | 40.86 |
ETC Price Analysis
Ethereum Classic price faces bearish pressure around $19
- ETC price analysis shows a bearish pattern as it hovers around $19.
- Resistance for Ethereum Classic is present at $19.94
- Support for ETC/USD is present at $15.38
The ETC price analysis for 13 August confirms that Ethereum Classic witnessed bearish pressure as it faced increased selling activity. The price is currently aiming for a drop below $19.
Ethereum Classic price analysis 1-day chart: ETC price attempts to meet sellers’ demand
Analyzing the daily price chart of ETC tokens, Ethereum Classic’s price witnessed a bearish correction after bulls failed to defend immediate Fib lines. Over the last 24 hours, Ethereum Classic price has been on a minor bearish path as sellers pushed the price toward $19. The 24-hour volume declined to $6.1million, showing a decreased interest in trading activity today. Ethereum Classic price is currently trading at $19, decreasing by over 1.1% in the last 24 hours.
The RSI-14 trend line has surged from its previous level and currently hovers around 40-level, showing that bulls are slowly gaining the momentum of the price. The SMA-14 level suggests upward volatility in the next few hours.
Ethereum Classic/USDT 4-hour price chart: Bearish dominance surges around EMA trendlines
The 4-hour Ethereum Classic price chart suggests ETC continues to experience bearish activity near EMA lines, creating a negative sentiment on the price chart. As the price continues to hold below EMA lines, bulls are aiming for a break above the EMA20 trend line.
The BoP indicator is trading in a bullish region at 0.54, hinting that buyers are trying to build pressure near resistance levels and boost an upward correction.
However, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative momentum, strengthening bearish positions.
Ethereum Classic Price Predictions: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
| SMA 3 | $ 18.19 | BUY |
| SMA 5 | $ 19.52 | SELL |
| SMA 10 | $ 19.59 | SELL |
| SMA 21 | $ 21.00 | SELL |
| SMA 50 | $ 21.93 | SELL |
| SMA 100 | $ 24.81 | SELL |
| SMA 200 | $ 26.89 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
| EMA 3 | $ 18.55 | BUY |
| EMA 5 | $ 18.87 | BUY |
| EMA 10 | $ 19.83 | SELL |
| EMA 21 | $ 20.99 | SELL |
| EMA 50 | $ 22.53 | SELL |
| EMA 100 | $ 24.21 | SELL |
| EMA 200 | $ 24.87 | SELL |
What to expect from Ethereum Classic price analysis next?
The hourly price chart confirms bears are making efforts to prevent the Ethereum Classic price from an immediate surge. However, if the Ethereum Classic price successfully breaks above $19.94, it may surge higher and touch the resistance at $23.5.
See also Ethereum price prediction 2024-2030: Will ETH reach $5,000 soon?
See also Conflux price prediction 2024-2030: Can CFX price lead China’s crypto market?
If bulls cannot initiate a surge, Ethereum Classic price may drop below the immediate support line at $15.38, resulting in a correction to $11.13.
Is Ethereum Classic A Good Investment?
Ethereum Classic has long been a more affordable alternative to ETH. With Ether transitioning to a Proof-of-Stake model, those favoring Proof-of-Work networks could shift their interest to Ethereum Classic. Despite an increase in value in 2023, Ethereum Classic did not meet market expectations, signaling potential concerns.
However, Ethereum Classic is not viewed as an unregistered security, which is positive for its market standing. As a result, ETC is a good investment option in the long term.
Why is the ETC Price Up Today?
ETC price witnessed a bullish reversal following intense selloff over the last few hours. The price successfully rebounded above $18.3 and is now aiming for $20.
Will ETC Price Reach $100?
ETC price might soon reach the $100 mark in 2028 if the buying demand continues to surge and Ethereum Classic attracts altcoin investors.
Will ETC Price Reach $1000?
Due to the effort of the Ethereum community, Ethereum Classic Coin’s prices will continue to increase. However, there is currently no indication that the Ethereum Classic (ETC) Coin will reach $1000 in the near future, which is a long-term target.
Is ETC a Good Long-Term Investment?
ETC has gained popularity thanks to strong community support. However, it’s crucial to conduct thorough research into their long-term potential to determine if it represents a viable long-term investment.
Recent ETC News/Opinions
Ethereum Classic (ETC) successfully completed its Spiral upgrade, aligning with the Ethereum Virtual Machine standard and the Ethereum network. This upgrade incorporated key elements of the Ethereum Foundation’s Shanghai protocol enhancements.
ETC Price Prediction August 2024
Over the last few days, ETC coin price has been on a downward trend and it aims to drop below crucial Fib levels. If the BTC price aims for a recovery above $65K this month, we might see a solid recovery in the ETC price.
According to technical analysis, we might see the ETC price to record the maximum level of $25 and minimum price of $15, with an expected average trading price of $19 throughout August.
See also Avalanche price prediction 2024-2030: Time to buy AVAX?
See also TON price prediction 2024-2030: Will TON reach $100?
| Ethereum Classic Price Prediction | Potential Low | Potential Average | Potential High |
| Ethereum Classic Price Prediction August 2024 | $15 | $19 | $25 |
Ethereum Classic Price Forecast 2024
The effects of Bitcoin Halving typically appear 12-18 months afterward, but 2024 might see a different trend due to heightened institutional interest and improved macroeconomic factors.
The absence of a roadmap for Ethereum Classic complicates predictions about its future price movements. While most cryptocurrencies face increased scrutiny and volatility without a clear roadmap, Ethereum Classic traditionally operates without one, which may reduce price fluctuations.
Ethereum, which Ethereum Classic’s price closely mirrors, is set to test scaling improvements, specifically proto-danksharding, expected to roll out in 2024. Should these enhancements proceed smoothly, they could positively influence Ethereum’s price, with Ethereum Classic likely to see similar benefits. Following Ethereum’s updates, Ethereum Classic plans to implement these blockchain upgrades within three to six months.
The Ethereum Classic price is anticipated to achieve a minimum value of $21.56 in 2024. The price could peak at $23.83, with an average trading price of $22.48 throughout the year.
| Ethereum Classic Price Prediction | Potential Low | Potential Average | Potential High |
| Ethereum Classic Price Prediction 2024 | 21.56 | 22.48 | 23.83 |
Ethereum Classic Price Prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 32.73 | 33.63 | 37.89 |
| 2026 | 46.58 | 47.92 | 56.26 |
| 2027 | 64.57 | 66.97 | 81.62 |
| 2028 | 93.94 | 97.29 | 112.04 |
| 2029 | 140.65 | 145.52 | 166.48 |
| 2030 | 206.22 | 213.5 | 244.66 |
Ethereum Classic Price Prediction 2025
If the bull market kicks off in 2024 following the Bitcoin Halving, it’s likely to extend into 2025, during which we might see cryptocurrencies reaching new all-time highs (ATHs). Historically, Ethereum Classic has mirrored Ethereum’s price movements closely, occasionally even reaching new ATHs before Ethereum.
As Ethereum has solidified its position as the second-largest cryptocurrency and emerged as the leading proof-of-stake coin and a deflationary asset over the past year, it is poised to achieve new ATHs in the upcoming bull cycle.
In 2025, the lowest price of Ethereum Classic is expected to be $32.73. Our analysis suggests that the ETC price may reach a high of $37.89, with an average price of $33.63.
ETC Price Forecast for 2026
According to forecasts and technical analysis, Ethereum Classic is projected to have a minimum price of $46.58 in 2026. The maximum price could hit $56.26, with an average of $47.92.
Ethereum Classic (ETC) Price Prediction 2027
The price of Ethereum Classic is forecasted to reach a minimum of $64.57 in 2027. The maximum price is expected to be $81.62, with an average throughout the year of $66.97.
Ethereum Classic Price Prediction 2028
Based on our deep technical analysis, Ethereum Classic is projected to have a minimum price of $93.94 in 2028. The price could rise to a maximum of $112.04, with an average trading price of $97.29.
Ethereum Classic Price Prediction 2029
In 2029, the minimum price of Ethereum Classic is expected to be $140.65. The maximum price may reach $166.48, with an average of $145.52 throughout the year.
Ethereum Classic (ETC) Price Prediction 2030
The Ethereum Classic price is forecasted to reach a minimum of $206.22 in 2030. The maximum price could rise to $244.66, with an average price of $213.50.
Ethereum Classic Market Price Prediction: Analysts’ ETC Price Forecast
| Firm Name | 2024 | 2025 |
| Coincodex | $32.79 | $95.98 |
| DigitalCoinPrice | $41.27 | $47.47 |
| Changelly | $29.63 | $32.85 |
Cryptopolitan’s Ethereum Classic Price Prediction
At Cryptopolitan, we are bullish on the Ethereum Classic price movements as the coin is expected to surge to new highs by the end of this year. The Ethereum Classic price is anticipated to achieve a minimum value of $21.56 in 2024. The price could peak at $23.83, with an average trading price of $22.48 throughout the year.
Ethereum Classic Historical Price Sentiment
- 2016-2018: ETC launched in 2016 at approximately $2.08, dipped below $1, then soared above $40 during the late 2017/early 2018 market bubble.
- 2019-2021: Weathered the crypto winter; during the early 2021 bull run, ETC hit an all-time high of $176.16 on May 6, closing the year at $34.12.
- 2022: Despite a challenging year for cryptocurrencies, ETC outperformed many, peaking over $50 in March, dropping to $12.60 by June 18, and ending the year at $15.69 after the FTX collapse.
- 2023: Mixed results; reached $24.79 on February 4, fell to $16.25 post-Silvergate collapse, rebounded above $20, and closed the year at $21.92, marking a 40% increase.
- 2024: Rose to $32.36 on January 12, fluctuated, and ended April around $27.10. Post-SEC’s approval of an ETH ETF in July, ETC valued at $19.
