Ethereum Classic Could Rebound Toward $24 as Ascending Triangle Tests $25 Resistance

• Key support: $21; key resistance: $25 — levels that define the triangle.

• Short-term rebound likely to $23–$24 on bullish volume; $25 breakout required for trend continuation.

• Failure to reclaim $25 could open downside toward $18–$17; moving averages signal weakening momentum.

Ethereum Classic price at $21.61 — technical analysis, targets to $30 or downside to $17. Read key levels and trade plan. Learn more.

Ethereum Classic trades at $21.61, holding an ascending triangle. Traders eye rebound toward $24, with $25 key for broader direction.

• Ethereum Classic continues to forge an ascending triangle pattern, with supports at the $21 mark and resistance at the $25 line defining the important levels dictating the current market direction.
• The short-term price direction shows a rebound upward to reach between the levels of $23–24 on the foundation of a bullish volume signaling the protection of the rising trendline at levels of around $21.
• Failure to reclaim $25 resistance could pressure Ethereum Classic below $21, potentially opening downside targets in the $18–$17 demand region.

Ethereum Classic (ETC) is trading near $21.61 as of writing, showing a 2.39% daily increase and 3.22% weekly growth. The price structure remains inside an ascending triangle, and traders are now watching the critical levels that could determine September’s trend.

What is the current Ethereum Classic price outlook?

Ethereum Classic price is holding an ascending triangle with immediate support at $21 and decisive resistance at $25. A confirmed breakout above $25 on higher volume would target $28–$30, while a sustained failure to hold $21 increases downside risk to $18–$17.

How are traders interpreting the triangle and short-term ranges?

Market commentators report that ETC is respecting the ascending triangle structure. The mid-triangle range of $23–$24 serves as the most probable short-term rebound target for scalp-long positions if buyers defend $21.

Volume spikes around $21 have historically signaled buyer interest. The 9-day EMA trading below $22.20 and the price under the 50-day SMA suggest momentum is fragile until a breakout confirms trend resumption.

The level of $21 has been an important point where buyers have been entering the market and the superseded volumes have complemented this claim. From here, the price can potentially bounce toward the $23–$24 zone, which remains the mid-triangle resistance. Traders see this level as the short-term range for scalp-long opportunities.

How important is the $25 breakout test?

The chart points to $23–$24 as the immediate resistance where profit-taking often occurs. However, the more crucial level remains $25, which marks the horizontal ceiling of the triangle formation.

A sustained breakout above $25 could extend ETC’s move toward $28–$30. Conversely, repeated rejections at $25 would indicate exhaustion and keep ETC in a consolidation range before any potential breakdown.

Why is bearish risk increasing into September?

Near-term weakness could end with a recovery to the late August high, but the broader outlook includes rising bearish risk. If $21 support fails, sellers could push ETC into the $18–$17 demand zone.

Technical momentum is weakening: the 9-day EMA sits below $22.20 and the price is trading below both the 9 EMA and 50 SMA. Without a decisive breakout above $25 backed by volume, downside remains the path of least resistance as the month progresses.

Frequently Asked Questions

Can ETC rebound from $21 to $24?

Yes. If buyers defend $21 and volume increases, a rebound to $23–$24 is likely as part of the ascending triangle’s mid-range. Traders should watch volume and candle closes for confirmation.

What happens if ETC closes above $25?

A close above $25 on strong volume would validate a breakout from the triangle and increase the odds of an extension toward $28–$30. Traders typically scale in and use trailing stops to lock profits.

How should traders manage risk around these levels?

Use tight stops below $21 for long scalps and wider, scaled stops if trading a breakout. Reduce or hedge exposure if $21 breaks, with downside targets at $18 and $17.

Key Takeaways

• Support/Resistance: $21 support, $25 resistance define the triangle.
• Short-term bias: Rebound to $23–$24 likely if $21 holds; breakout needed for higher targets.
• Risk management: Position sizing and stops below $21 protect against the $18–$17 downside scenario.

Conclusion

The Ethereum Classic price outlook hinges on the ascending triangle pattern: defend $21 for a likely move to $23–$24, or achieve a confirmed breakout above $25 to target $28–$30. Traders should prioritize volume confirmation and disciplined risk management as the market approaches September.

Published by COINOTAG — Updated: 2025-08-29