Technical analysis by asilturk about Symbol ETC: Buy recommendation (10/31/2025)

We add ETC Ethereum Classic to the portfolio at $15.88. Market value is $3.35 billion, market dominance weight is 0.0665½, total supply is 210 million units, actual circulation is 154 million units. ETC's Philosophy: ETC strictly adhered to the principle of "Code is Law", arguing that transactions in the blok chain should be immutable and refused to roll back the chain. Ethereum Classic is the uninterrupted continuation of this philosophy and the historical record of the original Ethereum. The most critical features that distinguish ETC (Original Chain) from ETH (New Chain) are the underlying philosophy, consensus mechanism and monetary policy... Looking at the historical price movements of ETC, the $45 - $55 range, where significant selling pressure is usually seen, is a critical resistance. A breakout of this zone in volume essentially means that bull markets have begun. In the current market structure, the $18 - $22 range, where accumulation occurs and declines stop, can be considered a strong support. It is worth noting that it is already at investable levels in the medium and long term. The platform concentration value is 7.49, which means extreme volatility. We can say that it is the most important sign that sudden hard bottoms and hard movements may occur. When we examine it from a technical perspective, there is a rising trend, but it seems that it will take a few more days for the volume to confirm this. In the horizontal transition phase from negative levels to positive levels, Fibonacci extension levels (e.g. 1.618 or 2.618) can be determined as potential targets, and these targets can be set as $120-$200 in the long term. I believe that the price difference between ETH and ETH for ETC, which acts independently of ETH, will show a partial and serious price performance in the coming days. It is too early to say that the rising trend has technically turned into a real trend, but I cannot help but point out that a sharp rise is imminent. As a result, it shows that ETC has a strong upward potential in the medium and long term as long as general market conditions remain positive. For this reason, we include it in the portfolio and follow up for the medium and long term. It may follow and test the sequential targets of $18-19.50-23.40-25.80 in the short term, indicating that there may be hard volume and movements for ETC. I wish you pleasant spending.