Ethereum Classic: After the breakout, reaches higher end of the obstacle

ETC is largest gainer of the day in lean Sunday trading.
Retracement from these levels is likely to follow.

Manoj B Rawal Independent Analyst

Ethereum Classic, the split cousin of the second largest crypto, Ethereum, is largest gainer of the day in a lean and lowly volatile weekend's Sunday trading, although it is coming after a breakout of a key resistance on the long term chart.

ETC/USD is up nearly 13 percent on day at $6.805, just around the high point of the day. On the 12-hour chart of this less-talked coin, ETC had earlier broken out of a key trendline resistance and has now reached upper end of the parallel channel that would make bulls retreat a bit from here.

While that said, there are enough supports around if bears do try and take control of the battleground. Key support being in the form of 200 days SMA placed at $6.230 and then numerous more supports coming in the form of trendlines on the 720-minute chart.

ETC/USD 720-minute chart:

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.