Crypto analyst @ali_charts has stirred attention with a bold prediction on X, advising traders to short Ethereum Classic (ETC) below $15.
The call is backed by a chart illustrating ETC’s dramatic journey—from a 2021 peak near $40 to a recent low around $12—suggesting a bearish outlook as the price hovers at $16.14 (per CoinMarketCap, July 2025). This analysis arrives amid a broader market cap decline of 0.42% week-over-week to $3.17 trillion (Coinbase, July 2025), hinting at a potential shift in sentiment.
ETC, born from a 2016 hard fork of Ethereum following the DAO hack, has historically struggled to carve a niche. Its role as a smart contract platform competes with Ethereum’s dominance, and fragmented developer support has hampered growth. A 2023 study in the Journal of Risk and Financial Management highlights that forked cryptocurrencies often underperform originals due to community and adoption challenges— a trend evident in ETC’s volatile trajectory. The chart’s sharp decline post-2021 bull run aligns with this, reflecting waning investor confidence.
@ali_charts’ technical analysis leverages this context, urging a short position if ETC dips below $15. This threshold, just under the current $16.14, suggests an imminent test of support levels. The recommendation contrasts with the crypto market’s typical growth narrative, emphasizing technical signals over hype. Traders should monitor volume and resistance around $18, as a break below $15 could trigger further downside, potentially testing $12 again.
For investors, this call underscores the importance of data-driven decisions in a volatile market. While ETC’s fundamentals remain shaky, shorting carries risks—especially with unpredictable catalysts like regulatory shifts or whale movements.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
