The chart shows a long-term bullish setup for Ethereum Classic
📊 Technical Summary
Support Levels: $12.55 and $16.88 – both have historically acted as accumulation zones.
Current Price: ~$18.55
Resistance/Target Zone: $64.29 — this aligns with a historical resistance area and implies a +381% potential upside.
Pattern Context: Price has been consolidating for nearly two years within a wide range after the 2021 peak. This long base often precedes explosive moves.
🔍 Key Observations
Long-term Base Formation: ETC is forming a strong multi-year base — a common precursor to major bullish breakouts.
Historical Breakout Zone: The $12–$18 range acted as launchpad in 2021 and is now holding again.
Massive Upside Potential: If the breakout is confirmed, a move toward $64.29 is realistic based on prior price action.
🎯 Outlook
Bullish Bias while price holds above $16.88.
Confirmation of breakout above ~$22–$25 range could trigger parabolic rally.
Target: $64.29
Risk: Breakdown below $12.55 would invalidate the setup.
✅ Conclusion
Ethereum Classic is showing classic signs of a macro reversal. As long as it maintains the current accumulation zone, it remains a strong candidate for long-term upside.
