Ethereum Classic Faces Uphill Battle Amid Short-Term Recovery

Ethereum Classic (ETC) has shown signs of short-term recovery, closing the week at $8.19 with a 3.08% rise. However, the downtrend structure remains dominant, and the main challenge lies in breaking the $8.40 resistance.

The market's accumulation phase signals suggest a possible breakout above this level. The volume profile remained at a moderate level of $28.91M, while the Relative Strength Index (RSI) was balanced in the neutral zone. The Moving Average Convergence Divergence (MACD) preserved bearish momentum with a negative histogram.

The long-term trend structure for ETC still maintains its downtrend character, with price declining nearly 70% from the 2025 highs and lower high/lower low formation remaining intact. The market cycle context indicates that ETC's proof-of-work structure gives it a more volatile beta compared to Ethereum (ETH), but the general weakness in altcoins during the macro cycle is evident.