Ethereum Classic Latest News: ETC is Approaching a Key Price Turning Point

Ethereum Classic (ETC), as the original chain of the Ethereum hard fork in 2016, has always adhered to the principle of “Code is Law” and retains the Proof of Work (PoW) consensus mechanism, in stark contrast to Ethereum (ETH), which has shifted to Proof of Stake (PoS). This technical persistence makes it one of the few mainstream public chains that still support GPU/ASIC mining, especially after the Ethereum merge in 2022, when it attracted a large number of migrating ETH miners, temporarily driving its price to surge. As of May 2025, ETC price Maintaining in the range of 18 to 19 dollars, with a market capitalization of approximately 2.86 billion dollars, ranked among the top 30 cryptocurrencies.

Historical Prices: From Fork Turmoil to Bull and Bear Cycles

• Origins and Early Volatility (2016 – 2018): ETC was born from the governance disagreement in the Ethereum community regarding The DAO hack, with the price at the fork initially below $1. In January 2018, it first surged to $45 during the bull market, but was halved the following month, revealing its high volatility characteristics.
• Bear Market Accumulation and Explosion (2019 – 2021): After two years of stagnation (ranging from 4 to 12 USD), the bull market in 2021 propelled ETC to a historical high of 167.09 USD, mainly benefiting from expectations of ETH miner migration and rotations in the altcoin sector.
• Pullbacks and Consolidation (2022 - Present): With the cooling of the cryptocurrency market, ETC has fallen back to around 20 dollars, and the technical setup shows a “descending triangle” consolidation pattern. The $12 support level has been tested four times without breaking, and the market is waiting for a breakout signal.

Core variables that affect future prices

1. 2024 Halving Effect: ETC halves approximately every 2.5 years, with the most recent one implemented in March 2024. The deflationary mechanism is analogous to Bitcoin; if history repeats itself, it could boost prices in the next 6 to 12 months.
2. Ecological development lags behind: Although smart contracts are supported, there are only 59 applications in the ETC ecosystem (DeFi, NFTs, etc.), with a total locked value (TVL) of less than 2.4 million USD, far below ETH’s 9.4 billion USD, and the lack of application scenarios restricts long-term value capture.
3. Security Concerns: ETC has experienced 51% attacks multiple times, raising double spending risks, and the stability of miners’ hash power remains a key variable for market confidence.
4. Technical indicator signals: The current RSI is at 50.93 (neutral), the 200-day moving average at $22.39 constitutes resistance, and the short-term moving averages are intertwined, reflecting market divergence.

Institutional forecasts: Significant divergence in 2025, long-term cautiously optimistic.

• Key range for 2025: Most institutions predict that ETC will fluctuate between $39 and $52, with an extreme bullish scenario (such as ecological breakthroughs) projecting up to $170.
• Vision for 2030: If successful in expanding application scenarios, the price may challenge $150 - $200, with average annual growth relying on the overall expansion of the cryptocurrency market and the revival of the PoW narrative.

Investment advice: Look for certainty in uncertainty.

For investors, the core opportunity of ETC lies in its PoW scarcity and the game value of periodic halving. In the short term, attention can be focused on the momentum of breaking through the previous high of 32 dollars, while in the medium to long term, two points need to be closely monitored:

1. Did any popular dApp emerge in the ecosystem to drive user growth?

2. Can the security performance withstand hash power attacks through protocol upgrades.

As the Ethereum Classic community declaration states: “Build unstoppable applications on unstoppable code.” Whether ETC can break through in the L1 public chain red sea depends on its ability to balance the “decentralization ideal” with “real-world needs.”