Ethereum Classic Poised for Growth with Upcoming Upgrades

Ethereum Classic (ETC) is poised for growth in the next few years, according to predictions from Coinpedia. The price of ETC has been trading near long-term historical lows, making its forward price outlook sensitive to the recovery phase in the wider crypto market.

The fifth programmatic Fifthening will reduce miner rewards by 20%, lowering block rewards from 2.048 ETC to 1.6384 ETC. This could lead to a stronger supply-demand balance and support ETC's long-term price growth.

A falling wedge pattern is visible on the daily price chart, with the key support around $6.20-$6.50 acting as a strong demand zone over the past few months. A breakout above the wedge's upper trendline, followed by a move above $10.18, could trigger a rally toward the $12-$14 region.