Ethereum Classic (ETCUSDT) has captured traders’ attention with a remarkable surge to $21.85 on July 31, 2025. This bullish momentum, backed by strong volume and technical indicators, presents exciting opportunities for crypto enthusiasts. Let’s dive into the details.
Ethereum Classic Price Action: A Bullish Breakout
ETCUSDT opened at $21.11 and climbed to $21.85, showcasing a 3.5% gain in 24 hours. Key resistance levels at $21.40, $21.60, and $21.80 were breached, confirming bullish dominance. The session closed at $21.75, with a total volume of 109,344.09 and a turnover of $2.35 million.
Technical Analysis: Indicators Signal Strong Momentum
- RSI & MACD: RSI entered overbought territory (above 70), while MACD crossed into positive territory, highlighting rising bullish momentum.
- Bollinger Bands: Volatility expanded sharply, with price trading near the upper band, suggesting continued upward pressure.
- Fibonacci Levels: Key support zones at $21.50–$21.60 could act as consolidation points if a pullback occurs.
Crypto Trading Strategies for ETCUSDT
Traders should watch for:
- Consolidation near $21.75: A potential entry point for long positions.
- Overbought RSI: Indicates a possible short-term pullback, offering strategic buying opportunities.
- Volume spikes: High participation during breakouts ($21.40–$21.80) confirms institutional interest.
What’s Next for Ethereum Classic?
The bullish trend remains intact, but caution is advised due to overbought conditions. A retracement to $21.50–$21.60 could provide a healthy consolidation before further upside.
Frequently Asked Questions (FAQs)
1. Why did Ethereum Classic surge on July 31, 2025?
The breakout was driven by strong volume and bullish technical indicators, including MACD and RSI.
2. Is ETCUSDT overbought?
Yes, RSI above 70 suggests overbought conditions, but the trend remains strong.
3. What are key support levels for ETCUSDT?
Fibonacci retracement levels at $21.50 and $21.60 are critical support zones.
4. Should traders buy ETCUSDT now?
Waiting for a pullback to $21.50–$21.60 could offer a better risk-reward entry.
