Ethereum Classic (ETC) is posting a daily gain of around 15%, placing it among the strongest assets in the crypto market. While major coins have recently failed to generate fresh momentum, traders are increasingly looking for movement in the altcoin segment — and ETC is delivering exactly that with a sharp breakout.
The current rally appears to be driven more by technical factors than by news. A breakout above key levels has triggered a classic momentum effect, drawing in additional buyers. At the same time, the stronger the acceleration, the higher the risk of a sharp pullback.
Ethereum Classic: breakout details
Over the past 24 hours, ETC has climbed from around $8.31 to approximately $9.75. At one point, the price peaked at $9.79, which currently acts as short-term resistance. The move has been dynamic and well-structured: after breaking above the $8.70 zone, the price has formed a sequence of higher highs and higher lows.
At the same time, Ethereum Classic has firmly reclaimed the EMA-20 on the four-hour chart. This moving average is now located near $8.70 and serves as the nearest technical reference on the downside. As long as the price remains above the EMA-20, the short-term outlook stays clearly bullish.
Key price zones
On the downside, attention is focused on the $8.65 area, derived from a Fibonacci projection and closely aligned with the EMA-20. Below that lies the $8.30 zone — a former consolidation range that now acts as a key support. A break below this level would call the current breakout into question.
On the upside, the $9.79 high remains the immediate hurdle. Beyond that stands the psychologically important $10.00 level, which often acts as a trigger for follow-through buying. A sustained move above this zone could open the door for an extension toward $11.00.
High momentum — rising risks
The Relative Strength Index (RSI) is hovering around 66 points — a high reading, but not yet indicative of extreme overbought conditions. This suggests ongoing buying interest, while leaving limited room for prolonged consolidation at current levels.
Also notable is the widening of the Bollinger Bands, with their range now at roughly $1.39. This points to a phase of elevated volatility, typical for breakout scenarios. In such environments, price moves tend to be steeper but also more erratic.
Possible scenarios
In the short term, Ethereum Classic’s structure remains constructive. The break above the EMA-20 and the sequence of rising highs indicate sustained upward pressure. The key question is whether the price can decisively clear the $9.80–$10.00 zone.
If the attempt fails and the price falls back below $8.30, the move could prove to be only a short-lived impulse, with a potential pullback toward the $7.50 area. If the current structure holds, however, ETC could target the next resistance zone near $11.00 in the coming trading sessions.
