Ethereum Classic Continues Downward Trend with 5% Weekly Loss

Ethereum Classic (ETC) has continued its downward trajectory, dropping by about 5% over the past week to trade at $6.22.

The asset remains under pronounced bearish pressure, with momentum indicators in oversold zones and trading below both 20-day and 50-day moving averages.

Technical signals reinforce downside risk, with volatility and pressure persisting on the daily chart. The RSI is currently at 27.85, underscoring bearish momentum.

The expected 7-day range for Ethereum Classic is $5.9 to $6.453409, with a high probability of continued downside unless price breaks above $6.4685 resistance.