Reasons Behind Ethereum Classic's Decline on Tuesday

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Nov 04 2025

ETC-0.805%

ETH+0.591%

BTC+2.686%

Should l Buy ETC?

Market Correction Impact: Ethereum Classic (ETC) is experiencing a decline due to a broader market correction, influenced by a risk-off sentiment as investors take profits from recent rallies in cryptocurrencies and growth stocks.
Bitcoin's Influence: A significant drop in Bitcoin (BTC) by over 5% has triggered liquidations exceeding $1 billion, which has negatively affected Ethereum (ETH) and, consequently, Ethereum Classic, as its price is closely correlated with Ethereum's performance.
Investor Sentiment: The strengthening U.S. Dollar Index, surpassing 100, has added further pressure on risk assets, contributing to the sell-off in the cryptocurrency market.
Correlation with Ethereum: As a hard fork of Ethereum, Ethereum Classic's price is seen as a riskier investment, leading to increased selling pressure during downturns in the Ethereum market.

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Technical Analysis for ETC

Technical Sentiment Analysis for Ethereum Classic (ETC) As of , Ethereum Classic (ETC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ETC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum Classic (ETC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3.774	5.462	7.274	8.962	10.774	12.462	14.274
Fibonacci	5.462	6.799	7.625	8.962	10.299	11.125	12.462

About ETC

Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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