Ethereum Classic’s price faces mixed signals from technicals and network upgrades, with bullish catalysts like EIP-1559 adoption and bearish risks from miner dynamics. Neutral in the short term, bullish long term.

- Olympia Upgrade (May 2025) introduced fee burning and DAO governance, adding deflationary pressure.
- Technical breakout above $19.65 support could signal a bullish trend reversal.
- Mining shifts post-Ethereum’s PoS transition strengthen ETC’s security but hinge on profitability.

1. Project-Specific Catalysts

The Olympia Upgrade (May 2025) introduced EIP-1559, burning a portion of transaction fees to reduce ETC’s supply growth. Combined with the launch of a decentralized treasury and governance DAO, this aims to attract developers and stabilize long-term funding. Historical parallels (e.g., Ethereum’s EIP-1559 in 2021) suggest such upgrades can boost sentiment, though short-term price reactions may lag adoption.

2. Market & Competitive Landscape

ETC’s position as the largest PoW smart contracts blockchain post-Ethereum’s Merge (2022) attracts miners, but competition from Bitcoin, Dogecoin, and Litecoin pressures its hash rate dominance. The recent altcoin season (May 2025) driven by Ethereum’s rally has lifted ETC’s monthly gains to 23.84%, though Bitcoin’s 63.7% market dominance still limits upside.

3. Technical Outlook

ETC’s price hinges on the Olympia Upgrade’s adoption, Bitcoin’s market dominance trends, and mining economics. While technicals hint at consolidation, network upgrades and deflationary mechanics could drive long-term revaluation.

Will ETC’s emphasis on immutability outweigh scalability concerns in a PoS-dominated market?

What are people saying about ETC?

Ethereum Classic (ETC) is drawing mixed but cautiously optimistic sentiment, with bullish technical forecasts and network upgrades offset by concerns over miner centralization and ETF outflows.

- Bullish momentum from May’s Olympia Upgrade (EIP-1559, DAO governance) and a technical breakout targeting $127.65.
- Miner interest surges post-Ethereum’s Merge, but profitability challenges persist.
- ETF outflows ($12M from Grayscale’s ETHE) signal institutional caution despite retail enthusiasm.