Ethereum Classic (ETC) Price Prediction 2024/2025/2030

Ethereum Classic is a hard-forked chain that retained the characteristics of the original Ethereum protocol before the infamous DAO hack. And even though it didn’t become as popular as Ethereum, Ethereum Classic continues to be a reliable Dapp and smart contract-focused chain — all while being proof-of-work. From the price perspective, ETC, the native token, surged as high as $23.81, aligning with our 2023. ETC price prediction. But now the question arises — what to expect from ETH going into 2024, 2025, and beyond?

Throughout this Ethereum Classic price forecast, we consider the fundamentals, tokenomics, and key on-chain metrics of the network to assess ETC’s price potential.

ETC price prediction and fundamental analysis

It is appropriate to look at Ethereum Classic from a more fundamental perspective to understand how ETC, the native crypto, holds in a world where ETH reigns supreme. Here are some of the aspects that look optimistic:

1. Ethereum Classic is still PoW, which might feel a tad more secure to the purists. In 2020, the Classic chain even made a few decentralized tweaks to improve network security against majority attacks, or 51% attacks.
2. Ethereum Classic has a well-defined roadmap in place, focusing on incremental developments and chain upgrades. There have already been many upgrades, including Phoenix, Agharta, and Atlantis. These have taken the abilities of the Classic chain to the next level, even making it compatible with the existing Ethereum network.

Also, if you check the official website, you will notice how Ethereum Classic claims to be the “original Ethereum.”

Coming to relevance, Ethereum Classic supports smart contracts and DApps, all while being compatible what the Ethereum network. Therefore, if someone wants to experience the PoW version of Ethereum, going classic might just be a better approach.

Overall, Ethereum Classic still makes sense to the PoW purists who liked Ethereum before it transitioned to the PoS space. 

Ethereum Classic tokenomics

Unlike ETH, ETC tokens have a fixed supply of 210.7 million. This gives Ethereum Classic a deflationary twist. At present, 68.63% of ETC tokens are in circulation. Also, it is worth mentioning that as Ethereum Classic is a PoW chain, miners have the incentive to keep validating blocks. Do note that the miner reward mechanism started at 5 ETC but has dropped to 2.56 ETC. 

A fixed token supply and reduced miner rewards currently make Ethereum Classic disinflationary. And once the circulating supply equals the total supply, you can expect the same to turn deflationary. This might positively impact the long-term prices of Ethereum Classic ETC.

“Ethereum Classic has outperformed Ethereum this year.”

Dan Held, Ex-Growth at Kraken: X in 2021

ETC price prediction and key metrics

If you look at the 90-day address count of ETC, you will notice a significant dip. On January 11, 2023, the addresses peaked, followed by a rise in the prices of Ethereum Classic. However, the same has been dropping since, leading to a sharp dip in the prices on March 9, 2023. It is advisable to keep a close eye on active addresses to preempt a price surge, if any. 

It is December 2023 now and the active address count hasn’t been able to match the yearly highs. However, November and December saw peaks, giving optimistic signals regarding ETC’s price action.

Pairing volatility with price

If you look at ETC from an investment perspective, here are a couple of charts you should consider reading in-depth. Firstly, the 4-week volatility chart shows a clear price-specific uptrend every time the volatility metric makes a bottom. In April 2023, we saw the orange line (volatility metric) trying to move up from a bottom of sorts. This led to a short-term price surge.

As of December 2023, the volatility, post the recent bottom, hasn’t shot up and is still in the manageable zone. This way, we can expect the prices to trade rangebound for a while.

Also, the market cap of Ethereum Classic has started looking up post-9 March 2023, where the prices nosedived. While the trading volume remained constant, a growing market cap can be a good sign for the mid-term prices if it manages to go above the $3.36 billion mark or the previous high.

Notably, the market cap dropped to under $3 billion at press time, which hints at a weakening price action or increased selling pressure. But then the market cap trend is upwards, making higher highs. This might be optimistic in the mid-term and once ETC’s market cap breaches the $3.5 billion mark, we can expect a price surge of sorts.

Overall, for tracking the price movements of ETC in this crypto market, it is advisable to keep a closer eye on the active addresses, volatility, trading volume, and certainly the market cap.

ETC price prediction and technical analysis

Our April 2023 analysis

Here is what our short-term analysis predicted for ETC in April with $22.67 being a crucial resistance. Do note that ETC failed to cross this level convincingly and peaked at $22.8 at most. This level still holds and needs to be breached with high volume.

Read on for our detailed analysis:

Before trying to figure out patterns for long-term price analysis, let us take a quick look at the price of ETC in the short term and how the price movements might surface over the next few weeks or months.

The daily chart reveals that ETC is trading inside a falling wedge pattern, moving excruciatingly close to the upper trendline. Even though this might look like a bullish sign, you might just be better off considering the bearish divergence in play. Therefore, the current range-bound spell of price movements seems to be on the expected lines. 

At press time, ETC is trading at $20.24, with a crucial resistance level placed at $25.12. But for that to take effect, Ethereum Classic’s price would first have to cross the $22.67 level.

Our December 2023 analysis

If you pull out the latest, daily price chart of ETC, there is a clear formation of bearish divergence, with the price making higher highs and RSI making lower highs. This hints at a short-term correction with the 20-EMA and 50-EMA lines acting as the support levels. However, a rise above the $23.3 level will invalidate the bearish trend.

Now, let us move to the weekly chart and locate the broader strokes or patterns, if visible.

Pattern recognition

Below is the weekly chart, with ETC’s all-time high price, close to $177, standing out as a clear peak. On the left side of the peak, we have a set of higher highs, whereas the right side comprises lower highs. You can only notice a bullish divergence, illustrated by the weekly RSI formation. This might hint at a new pattern formation, with the existing series of lower highs being interrupted by a higher high. 

Here are all the highs and lows marked on the weekly chart — points that would help you locate the average low-to-high and high-to-low price movements.

Note: Sometimes, the same candle makes the highs and then drops to make the lows. However, we have ensured that we take only the candle(s) next to the one making the high for calculation-specific ease.

Price changes

To calculate the average low-to-high and high-to-low percentages, we can now locate the movements (percentage changes and distance) between every low and the subsequent high across two paths: M to D and M1 to D.

Now that we have all the data for the corresponding points, we can calculate the low-to-high and high-to-low averages for the subsequent price movements. 

Low-to-high: 386.87% and anywhere between 7 days to 427 days. However, in bearish market conditions, the growth percentage could be 205.71% — the lowest one from the table.

High-to-low: 60.79% and anywhere between 7 days to 77 days. Note that in bullish market conditions, the percentage drop could be -49.22% — the lowest value from the table above.

Per the values from earlier, we can now trace the ETC price predictions through to 2035.

Ethereum Classic (ETC) price prediction 2023

We predicted a massive high —$45.88 for ETC in 2023. However, it could go as high as $23, despite the lackluster adoption. Here is how we predicted the 2023 price action in case you want some insights into the historical data.

Now that we have all the details on our side, we can trace the next high from M1 — the last known point on the weekly chart. As the crypto market hasn’t seen any significant increase in valuation over the past few months, it is safe to assume that the next move from M1 to the supposed A2 could be restricted to 205.71% and not the standard average we calculated.

This puts A2 at $45.88 and in 133 days — selected timeframe as the same came across two times in the tables from earlier. The next low, from A2, could surface at a low of 60.79% in 77 days. This puts the ETC price prediction low at $17.93 — towards July 2023.

Ethereum Classic (ETC) price prediction 2024

As the high in 2023 stood at 50% of our predicted price, we should even consider that for 2024 and look for a range, instead of pinpointing an exact level. But first, let us check out the analysis.

Outlook: Bullish

From N2, the next high could or B2 could surface in 2024. We can still expect the price hike to be 205.71%, like in 2023. However, with Ethereum expected to see many developments in 2023, including the Shapella upgrade, the time taken for ETC to register such a significant increase in price could be 336 days — data from the table above. 

This puts the B2 at $54.66. The next low, post-B2, could surface at a dip of  -49.22% in 77 days — considering the crypto market robustness that might surface in 2024. This puts 2024 low at $27.68.

While we are optimistic that ETC can hit the $54 level, a more conservative level could be closer to $27.33, in case the adoption remains tepid.

Projected ROI from the current level: Max 173%

Ethereum Classic (ETC) price prediction 2025

Outlook: Bullish

If the ETC price predictions reach the expected levels in 2024, we can expect the average hike of 386.87% (in 427 days max) to hold. This significant price rise would put the high in 2025 at $134.61. Keeping the average price of 60.79% in mind, the low can surface at $52.71 — pretty close to the support level of $52.84. However, per our calculations, this level might surface in 2026. 

And the 2025 low could be anywhere close to the $31.58 mark, tracing the path from 2024 to 2025.

Projected ROI from the current level: 573%

Ethereum Classic (ETC) price prediction 2030

Outlook: Very bullish

Now that we have the 2026 low at $52.71, we can expect the next high to follow the lowest percentage of 205.71% again. This is considering the fact that it might be very difficult for ETC to grow by close to 400% across consecutive years, based on historical data.

The time taken could still be 427 days, considering the tepid expectations. Therefore, the next high, expected to surface in 2027, could form at $161.26. Still short of the ETC’s current all-time high. 

Keeping 2027 as the high and with the 2026 low in mind, we can extrapolate the ETC price prediction levels till 2030. Do note that this might not be the most accurate projection, but it gives a fair idea of where the ETC-specific price movements might head in the next few years. 

This assumption puts the price of Ethereum Classic at $503.24 by the end of 2030, considering it keeps following the same growth trajectory.

Projected ROI from the current level: 2416%

Ethereum Classic (ETC’s) long-term price prediction until the year 2035

Outlook: Very bullish

Now that we have technical analysis corresponding to the Ethereum Classic price forecast till 20230, we can use similar calculations to project the price movements through 2035.

Is the ETC price prediction model accurate enough?

Firstly, this ETC price prediction model uses detailed fundamental and technical analysis to predict short-term and long-term price movements of this Ethereum sibling. While the data-backed approach makes this Ethereum Classic price forecast model one of the more accurate, looking at the average price of Ethereum Classic for any given year is the most realistic reflection of the actual levels.

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