Ethereum Classic Price Slumps as Downside Bias Continues

Ethereum Classic's price action has been driven by persistent selling pressure over the past week, resulting in a significant drop of almost 6.5% to $7.22.

The current chart setup reflects ongoing downside bias, with attempts at recovery fizzling near resistance and buyers failing to secure a meaningful breakout.

Technical signals indicate short-term resilience above key moving averages, but the long-term trend remains bearish with strong trend strength.

The next 7 days are expected to see price trading between $6.680266 and $7.759733, with $7.08 support and $7.56 resistance defining the near-term range.