The post Ethereum Classic (ETC) Set To Soar Over 2,000% By 2025: Here’s Why appeared on BitcoinEthereumNews.com.

Ethereum Classic (ETC) could be positioning for a rally in 2025, following its longest accumulation phase in recent history, according to detailed technical analysis by Alan Santana. The cryptocurrency’s historical performance and current market patterns suggest potential for gains exceeding 2,000%. In addition, multiple analysts are highlighting major upside potential. Ethereum Classic BTC Pairing Showed Strength in the Past ETC’s Bitcoin pairing has shown strength historically, producing a 1,823% rally over just 112 days in 2021. – Advertisement – This movement was followed by a 269% surge in 2022. The subsequent period has marked the longest accumulation phase since pre-2020, extending beyond 450 days with minimal price action throughout 2023 and 2024. This extended consolidation period typically precedes substantial bullish waves, with longer accumulation phases historically resulting in stronger subsequent rallies. Source: Alan Santana ETC Down over 83% Since ATH Currently trading at $26.8, ETC remains 83.9% below its all-time high of $167.09 reached in May 2021. – Advertisement – The weekly trading range of $21.32 to $29.22 provides context for the current consolidation phase. The 450-day accumulation period suggests potential for an exceptionally strong breakout, according to Santana’s analysis. The market typically alternates between fast and slow cycles. Given the rapid nature of the 2021 rally, which lasted just four months, the 2025 movement could follow a more extended pattern similar to the 2016/17 cycle. This longer timeframe, potentially lasting 6-12 months with 2-3 month corrections between major moves, could allow for broader participation and larger overall gains. Ethereum Classic Eyes $110 Analyst Crypto Vision projects near-term targets of $110-$150, representing a 4-5x increase from current levels. These projections align with historical pattern analysis and consider the extended accumulation phase. Pairs showing minimal growth in 2023/24 often demonstrate stronger performance in subsequent years, supporting the bullish outlook for ETC. Geopolitical…

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Filed under: News - @ November 18, 2024 12:23 pm