Ethereum Classic (ETCUSDT) has captured the attention of traders with a powerful surge to $21.85 on July 31, 2025. This breakout signals strong bullish momentum, backed by high volume and technical indicators. Let’s dive into the details of this exciting move and what it means for your trading strategy.
Ethereum Classic Price Surge: What’s Driving the Rally?
The price of Ethereum Classic (ETCUSDT) climbed from $21.11 to $21.85 in just 24 hours, marking a 3.5% gain. Key factors behind this rally include:
- Breakout above critical resistance at $21.60, confirmed by high trading volume.
- Institutional participation, as indicated by large-volume candles.
- Bullish technical formations, including an ascending pattern and engulfing candle.
Crypto Trading Signals: MACD and RSI Point to Continued Strength
Technical indicators are flashing green for Ethereum Classic:
- MACD: Crossed into positive territory, signaling rising bullish momentum.
- RSI: Entered overbought levels (above 70), suggesting a potential short-term pullback.
- Bollinger Bands: Expanded volatility, with price hugging the upper band.
Market Trends: Will Ethereum Classic Sustain the Uptrend?
While the bullish case is strong, traders should watch for:
- Fibonacci retracement levels at $21.50–$21.60 as potential support.
- Volume trends—declining volume could signal weakening momentum.
- Overbought RSI conditions that may precede consolidation.
Actionable Insights for Traders
Here’s how to navigate the Ethereum Classic (ETCUSDT) market:
- Entry Points: Look for pullbacks to $21.50–$21.60 for potential long entries.
- Risk Management: Set stop-loss orders below $21.40 to protect against reversals.
- Targets: A break above $21.85 could open the path to $22.50.
Conclusion: Ethereum Classic’s Bullish Momentum Is Unstoppable
Ethereum Classic (ETCUSDT) is riding a wave of bullish momentum, backed by strong technicals and volume. While short-term pullbacks are possible, the overall trend remains upward. Traders should stay alert to key levels and manage risk wisely.
Frequently Asked Questions (FAQs)
1. What caused Ethereum Classic’s price surge on July 31, 2025?
The surge was driven by a breakout above $21.60 resistance, high trading volume, and bullish technical indicators like MACD and RSI.
2. Is Ethereum Classic overbought?
The RSI is above 70, indicating overbought conditions, but the lack of divergence suggests the uptrend may continue.
3. What are the key support levels for ETCUSDT?
Fibonacci retracement levels at $21.50 (61.8%) and $21.60 (38.2%) are critical support zones.
4. Should I buy Ethereum Classic now?
Waiting for a pullback to $21.50–$21.60 could offer a better risk-reward entry. Always use stop-loss orders.
5. What’s the next target for ETCUSDT?
If the price breaks $21.85, the next target could be $22.50, followed by $23.00.
