Ethereum Classic: Analysts rely on a dramatic price outbreak up to $ 7,037 in 2025-a bullish view or just an illusion?
<p> <strong> Ethereum Classic: Analysts rely on a dramatic price outbreak up to $ 7,037 in 2025-a bullish view or just an illusion? </strong> </p>
Ethereum Classic: Price forecast and market analysis for 2025
Ethereum Classic (etc) has attracted the interest of the crypto community in recent months. Analysts expect a significant price upswing until 2025, which is based on technical patterns. In the room there is a daring price target of up to $ 7,037. But what factors could support or endanger this increase?
Current market situation
At the time of publication, Ethereum Classic's price was $ 18.18 after increasing by 1.7 % in the last 24 hours. Last year, however, the price fell by 35.9 %. Despite these fluctuations, the hash rate shows an increase, which indicates a generally positive market mood.
What is Ethereum Classic?
Ethereum Classic is a decentralized open source blockchain, which was created from a philosophical split within the Ethereum community after a controversial Hard Fork in 2016. While Ethereum (ETH) tried to turn back a hack, Ethereum Classic remained true to the principle of irrevocation. ETC uses a proof-of-work (POW) consensus mechanism about the ethash algorithm and is supported by a smaller but committed developer community.
currently Ethereum Classic has a market capitalization of $ 3.4 billion and a circulation of around 148 million etc. Compared to Ethereum, which has reached a market rating of $ 370 billion, but remains behind the expectations.
Potential price increase for Ethereum Classic
Analysts call several reasons that could speak for an increase in the ETC price:
- Technological improvements : Announcements of the ETC Cooperative about the improvement of smart contracts and interoperability with Ethereum could increase the interest in etc.
- market dynamics : The Bitcoin dominance of 58.1 % shows signs of weakening, which could cause old coins like ETC.
- macroeconomic factors : A moderate US Federal Reserve and declining fear of inflation could create a favorable environment for risk systems, which also include cryptocurrencies.
- resistance level : ETC faces a critical resistance between $ 34 and $ 72. An unsuccessful outbreak through this brand could trigger negative market movements.
- security concerns : The history of 51%attacks on Ethereum Classic, especially in 2020, remains a serious risk. A new attack could affect confidence in the blockchain and thus the price.
- restricted ecosystem : Compared to Ethereum, the defi ecosystem of ETC is weaker, which could reduce the potential for increasing value.
risks and challenges
Despite the positive forecasts, there are also considerable risks:
Technical analysis of the ETC price
The price diagram of Ethereum Classic shows a long -term triangular pattern that often signals the continuation of an upward trend. The price is located near supporting trend lines and could increase parabolic if there is a decisive outbreak over the resistance of $ 34 to $ 72. The calculation of a conservative price goal of $ 7,037 is based on this technical pattern.
FAZIT
The question remains: Can Ethereum Classic actually make a profit of 9,117 % in 2025? The technical indicators indicate that this is possible. However, numerous challenges must also be observed. A realistic price increase to $ 100 to $ 200, which would correspond to a 4 to 8-fold profit, could also be seen as a success.
retailers are eagerly observing the resistance levels and preparing themselves to react to significant movements. The Bitcoin market, institutional investments and technological advances could be decisive factors for the future of Ethereum Classic.