- Top analyst Ali Martinez declares Ethereum Classic’s multi-year downtrend officially over.
- ETC is breaking out of an 8-year descending channel, targeting $51 in the current cycle.
- Historical precedent shows similar setups led to 2,000%+ gains for ETC in past bull runs.
Ethereum Classic Eyes $51 as 8-Year Bear Channel Finally Breaks (348 words)Respected crypto chartist Ali Martinez (@ali_charts) dropped a bombshell this morning that has the Ethereum Classic community buzzing: ETC is on the verge of a historic breakout that could propel the price from current levels near $18 all the way to $51 or higher. In a widely shared post, Ali highlighted that Ethereum Classic has just broken above the upper boundary of an eight-year descending channel that began after the 2017–2018 bull market peak. This macro structure has capped ETC price action since 2017, creating lower highs while the broader crypto market repeatedly hit new all-time highs.
According to Ali, every previous touch of the channel’s upper resistance resulted in violent reversals—until now. The confirmed weekly close above the trendline, combined with rising volume, signals the end of the longest bearish structure in ETC’s history. History favors the bulls here. When ETC broke a similar multi-year channel in late 2020, it ignited a 2,300% rally from $4.80 to over $179 in just six months. A repeat of even half that performance from current prices would easily clear Ali’s $51 target and potentially push toward triple digits.
Fundamentals are quietly aligning too. Ethereum Classic has maintained its original proof-of-work vision, attracting miners displaced by Ethereum’s Merge while benefiting from renewed institutional interest in “pure” blockchain narratives. ETC also ranks among the most actively developed non-EVM chains, with recent upgrades improving throughput and finality.
While many altcoins remain correlated to Bitcoin and Ethereum, ETC has historically decoupled during its strongest phases—exactly the behavior Ali expects as the breakout matures. Of course, crypto remains high-risk, and a failure to hold above the broken trendline (~$16.50) could invalidate the thesis. But with Bitcoin above $90k and altseason chatter heating up, the stars appear aligned for Ethereum Classic to finally reward its loyal holders.$51 would represent a 180% move from today’s price—and if past cycles are any guide, it might just be the opening act. ETC bulls are loading up.
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.
