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Weaker technical forecast for Grayscale Ethereum Classic Trust (ETC) as ETF downgraded to Strong Sell Candidate
(Updated on Jul 31, 2026)
The Grayscale Ethereum Classic Trust (ETC) ETF price fell by -1.86% on the last day (Friday, 31st Jul 2026) from $3.42 to $3.36. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 3.01% from a day low at $3.32 to a day high of $3.42. The price has fallen in 8 of the last 10 days and is down by -11.58% for this period. Volume has increased on the last day by 325 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 thousand shares were bought and sold for approximately $29.40 thousand.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -21.66% during the next 3 months and, with a 90% probability hold a price between $2.53 and $2.92 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
ETCG Signals & Forecast
There are few to no technical positive signals at the moment. The Grayscale Ethereum Classic Trust (ETC) ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.51 and $3.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 26, 2026, and so far it has fallen -18.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Grayscale Ethereum Classic Trust (ETC) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Grayscale Ethereum Classic Trust (ETC) ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.100 between high and low, or 3.01%. For the last week, the ETF has had daily average volatility of 3.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETCG) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Grayscale Ethereum Classic Trust (ETC) to open at $3.37, and during the day (based on 14 day Average True Range), to move between $3.29 and $3.43, which gives a possible trading interval of +/-$0.139 (+/-4.21%) up or down from last closing price. If Grayscale Ethereum Classic Trust (ETC) takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.92, some $0.560 (16.67%) from the current price of $3.36, our system finds the risk reward not very attractive.
Is Grayscale Ethereum Classic Trust (ETC) ETF A Buy?
Grayscale Ethereum Classic Trust (ETC) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.
Current score:
-5.420
Strong Sell Candidate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on August 3, 2026 - $3.37 ( 0.198%).
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ETCG Performance
Trading levels for ETCG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.47 | 3.17% |
| R2 | 3.43 | 2.04% |
| R1 | 3.40 | 1.34% |
| Price | 3.36 | |
| S1 | 3.33 | -0.94% |
| S2 | 3.30 | -1.64% |
| S3 | 3.27 | -2.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.04 | 20.24% |
| R2 | 4.00 | 19.05% |
| R1 | 3.92 | 16.67% |
| Price | 3.36 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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Buy ETCG
A sell signal from a double top formation was found on Friday, June 26, 2026 with a target of $3.85. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.