Ethereum Classic Holds Ascending Triangle as Price Tests $21 Support Level Ahead of September

Ethereum Classic continues to forge an ascending triangle pattern, with supports at the $21 mark and resistance at the $25 line defining the important levels dictating the current market direction.

The short-term price direction shows a rebound upward to reach between the levels of $23- 24 on the foundation of a bullish volume signaling the protection of the rising trendline at levels of around $21.

Failure to reclaim $25 resistance could pressure Ethereum Classic below $21, potentially opening downside targets in the $18–$17 demand region.

Ethereum Classic (ETC) is trading near $21.61 as of writing, showing a 2.39% daily increase and 3.22% weekly growth. The price structure remains inside an ascending triangle, and traders are now watching the critical levels that could determine September’s trend.

ETC Holds $21 Support While Testing Mid-Range Levels

According to Alpha Crypto Signal on X, Ethereum Classic is currently respecting the ascending triangle structure. The chart shows ETC holding firm above $21, which aligns with the rising trendline support and the 50-day simple moving average.

The level of $21 has been an important point where buyers have been entering the market and the superseded volumes have complemented this claim.From here, the price can potentially bounce toward the $23–$24 zone, which remains the mid-triangle resistance. Traders see this level as the short-term range for scalp-long opportunities.

Key Resistance and the $25 Breakout Test

The chart points to $23–$24 as the immediate resistance where profit-taking often occurs. However, the more crucial level remains $25, which marks the horizontal ceiling of the triangle formation. A sustained breakout above $25 could extend ETC’s move toward $28–$30.

Alpha Crypto Signal notes that if the price fails to reclaim $25, the ascending triangle may lose its bullish structure. Repeated rejections at this level could signal exhaustion, keeping ETC within a consolidation range before a potential breakdown.

Bearish Risk Into September

Near-term weakness could end with a recovery to the late August high, but on a deeper scale the bigger picture remains predicated as bearish. In case the support at $21 breaks down, Ethereum Classic may decline to the next support area of between $18 and $17.

The moving averages also suggest weakening momentum, with the 9-day EMA positioned below $22.20 and the price trading under both the 9 EMA and 50 SMA. Unless ETC secures a breakout above $25 with volume, downside risk remains the dominant scenario as the market heads into the new month.

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