Whales Are Circling Ethereum Classic—What’s Coming Next?

Ethereum Classic (ETC) is showing signs of renewed bullish sentiment, currently trading at $18.31. With a 24-hour trading volume of $138.7 million and a modest 3.18% gain since yesterday, ETC appears to be gaining traction. Although it’s down 0.37% in the past hour, the short-term trend remains positive, adding weight to growing interest in Ethereum Classic price prediction among traders and analysts.

The 50-day Simple Moving Average (SMA) stands at $16.77, while the 200-day SMA is at $22.42, suggesting room for potential upward momentum if current trends continue. ETC’s circulating supply is 151.9 million, with a max cap of 210.7 million tokens.
The recent Olympia upgrade is a game-changer, introducing a deflationary fee-burning model and a decentralized governance structure via the Olympia Treasury and DAO. These changes aim to enhance ecosystem development, reduce token supply, and boost long-term value.
Community sentiment also supports a bullish outlook. An X post by @PequenoGigants predicted a “parabolic upward shift,” while whale tracking account @FishTheWhales reported heavy accumulation activity and a high buying score of 8/10, with recent trades reaching $19.89.
These combined technical, fundamental, and community-driven signals indicate growing investor confidence in ETC’s future potential. Traders should monitor volume and resistance levels closely for breakout confirmation