The post ETC Weekly Analysis Apr 4 appeared on BitcoinEthereumNews.com.

ETC closed the week at $8.19 with a 3.08% rise, signaling short-term recovery, but the main downtrend structure remains intact. While the market shows accumulation phase signals, breaking the $8.40 resistance will be critical. ETC Weekly Market Summary ETC moved in the weekly trading range of $7.94 – $8.23, recording a 3.08% rise and positioning at $8.19. Volume profile remained at a moderate level of $28.91M, while RSI 47.52 balanced in the neutral zone and MACD preserved bearish momentum with a negative histogram. Price continuing below short-term EMA20 ($8.24) is preparing for a resistance test under primary downtrend filters. For more detailed ETC detailed spot analysis, check here. Trend Structure and Market Phases Long-Term Trend Analysis The long-term trend structure for ETC still maintains its downtrend character. On higher timeframes (1W/1M), price has declined nearly 70% from 2025 highs and the lower high/lower low formation remains intact. Persistent trading below EMA50 and EMA200 reinforces the bearish bias. In the market cycle context, ETC’s proof-of-work structure gives it a more volatile beta compared to ETH, but the general weakness in altcoins during the macro cycle (post-Bitcoin halving distribution phase) is evident here as well. For the trend to break, a close above $11.10 is required; otherwise, the risk of deepening to $7.15 is high. Accumulation/Distribution Analysis Market phase analysis shows accumulation characteristics in the current structure. Volume increase observed at the lower band of the weekly range ($7.94), and POC (Point of Control) formation around $8.00 in the volume profile gives an accumulation signal. However, distribution patterns (upper shadows) are emerging as it approaches $8.40 resistance; this may indicate smart money increasing short positions. From a Wyckoff methodology perspective, we are in the secondary test phase – if the spring test at $7.76 succeeds, re-accumulation is possible; otherwise, transition to markdown…

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Filed under: News - @ April 4, 2026 5:15 am