2025-11-14 10:17:10

ETC Just Broke Out – Here's What the Charts Say

Ethereum Classic (ETC) just smashed through a falling wedge pattern and is now trading above $20. Here's the kicker: on-chain and derivatives data are screaming bullish.

**What's happening:**
- Trading volume on ETC jumped from $78.39M to $228.72M (highest since mid-September)
- Futures open interest hit $70.22M and keeps climbing since early October
- Long-to-short ratio hit 1.04 – the highest in over a month (anything above 1 = more bullish bets)

**The technicals:**
If ETC closes above the 200-day EMA at $20.03, bulls could be eyeing $21.38 next. Break that? The September 13 high at $22.52 is in play.

RSI is at 54 (above neutral 50), and MACD just flipped bullish last week. But here's the flip side – if this wedge breakout fails and price rolls over, the September 25 low at $17.56 becomes the next support zone.

TLDR: Classic breakout setup with solid volume and positioning to back it. Watch that $20.03 level.

ETC-1.77%

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