Ethereum Classic Approaches Critical $14 Support Amid Ongoing Downtrend

• Ethereum Classic currently stands near an essential support threshold which may initiate an extended market drop if price falls below $14.30 until it reaches $8.00.
• The fundamental Fibonacci levels from ETC have been broken leading to predicted bearish targets at $8.20 and $6.89.
• Investor demand for Ethereum Classic has weakened which signifies deeper price decreases because the market remains unstable.

Ethereum Classic (ETC) reaches a crucial technical threshold from which its upcoming significant market movement may become apparent. The cryptocurrency goes through steady price decline before testing the $14.30 support zone which worked as a foundation point during important market corrections. The current $14.30 price level catches market participant attention because a decisive breach could trigger an extensive retracement movement towards $8.00.

Price Structure and Fibonacci Zones

From early 2023 until present day the 3-day ETC/USDT price chart shows a continuous downward movement starting from the $40.00 price level while the recent upward momentum remained below $22.00. The market price for Ethereum Classic stood at $15.17 per coin on April 15, 2025 while the session demonstrated a decreased value of 2.27%. New price lows have pushed the asset down beneath multiple vital Fibonacci levels that range from $25.76 to $21.72.

The market price currently stays near the 1.272 Fibonacci extension point located at $14.305. Breaches of this level in such setups historically trigger a rapid movement towards the 2.0 extension that in this instance targets $8.20. The anticipated lower price levels stand at $6.89 along with $5.83 where 2.272 and 2.618 extensions lie respectively.

Ethereum Classic Slips Below Support, Bearish Pressure Mounts

The Ethereum (ETH) token stands at $1,577.63 position after a 3.9% decrease while the entire cryptocurrency market experiences pullback. Ethereum Classic currently shows weak performance against its cryptocurrency sector because market buying interest has decreased at this price level.

A breakdown below $17.62 (1.0 Fibonacci level) created a new momentum which showed that bullish trends are missing across higher time frames. Lower support levels extending from $14.30 to $10.50 have entirely vanished since new price movements indicate a stronger possibility of deeper price swings.

Outlook and Technical Risk

If the $14.30 area breaks down with heavy market volume then analysts expect additional market losses. The market structure remains stable after a price surpasses $17.00 yet faces a risk of short-term instability. Market traders predominantly favor risk reduction because of the current dominant risk factors within an ever-more fragile market technical structure.

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