Ethereum Classic (ETC) soared 37% in a single week to target $30! Institutional funds ignited the rotation of counterfeit season

Ethereum Classic (ETC) soared 37% in a single week to target $30! Institutional funds triggered the "counterfeit season" rotation wind vents, technical breakthroughs, policy favorable policies and institutional buying, promoting this old-fashioned public chain that was once neglected by the market to stage an epic counterattack. As of July 19, 2025, the price of Ethereum Classic (ETC) exceeded US$25.19, soaring 37% in just one week, becoming the most dazzling "dark horse" in the crypto market. The surge began with a key resistance breakout on July 18 - ETC strongly broke through the long-term suppression line of $21.48 and reached a high of $25.68 in 24 hours. Technical indicators send a strong bullish signal: the price is firmly above the 20-day moving average and the middle track of the Bollinger band, and the two lines extend upward synchronously. Market sentiment was instantly ignited. Futures open contracts soared to US$250 million, a new high since November 2024, with a large amount of leveraged funds pouring in to go long. --- 01 The driving force for the surge: The technical breakthrough of the triple engine drives ETC to violently lift the violently is only the fuse. The core thrust of ETC's explosion comes from the US policy shift and market capital rotation. In mid-July, the U.S. House of Representatives passed three key legislations, the GENIUS Act, the CLARITY Act and the Anti-CBDC Act. Among them, the GENIUS Act establishes a federal regulatory framework for stablecoins and clears barriers to traditional fund entry. Policies favorable policies directly stimulate institutional actions. On July 16, the net inflow of spot Ethereum ETFs in the United States reached US$726.6 million, a historical peak. BlackRock's ETHA exclusively accounts for US$499.2 million, while Fidelity FETH contributes US$113.3 million. The spillover effect of funds appears immediately. When Ethereum (ETH) broke through $3,600, the market's hot money quickly turned to a valuation depression. As one of the few mainstream public chains that stick to Proof of Work (PoW), ETC has become the first choice for capital rotation with its solid community foundation and clear upgrade route. 02 Institutional buying: Traditional capital reshapes the logic of crypto asset allocation BlackRock's actions have become the industry's weather vane. Its iShares Ethereum Trust (ETHA) increased its holdings by 106,827 ETH in a single day on July 10, with a total holding exceeding 2 million, and its managed assets jumped to US$7.7 billion. A more significant signal appeared on July 17 - BlackRock submitted an application to the SEC, requiring the addition of pledge function for ETHA. Once approved, it means that traditional financial products will directly participate in on-chain verification for the first time, upgrading ETFs from passive positions to "price + return" dual engines. Institutional behavior triggers on-chain chain reactions. Matrixport research shows that the Asian trading period contributed 17 percentage points of Ethereum's July increase. A giant whale address bought 20,300 ETH in 10 days and deposited it into the DeFi protocol; another address withdraws 50,255 ETH from Binance within three weeks (worth $114 million). "When BlackRock ETF has capital inflows, it can be seen on-chain that institutions simultaneously withdraw large amounts of ETH from the exchange," Wintermute CEO admitted: "Our OTC platform has almost no ETH available for sale." 03 Ecological evolution: EIP-1559 is also key to the value precipitation of DeFi infrastructure activation Ether Classic's own evolution. The "Olympia Upgrade" completed in May 2025 introduced the EIP-1559 mechanism to curb inflation by burning some transaction fees. This change is seen by the community as a “key turning point in value capture.” What is more worthy of attention is the breakthrough of its DeFi ecosystem. ETC Grants DAO recently issued 1,000 ETC grants to two stablecoin projects: the decentralized stablecoin ECSD launched by Djed Alliance, and the ERUSD that mimics MakerDAO. The strategic intention of targeting the US$230 billion stablecoin market is clear. Technical characteristics strengthen institutional confidence. Vitalik Buterin revealed in an interview with CNBC in Cannes: "Many institutions say bluntly that they value Ethereum's stability record has never been down in the past decade." This advantage also applies to ETC networks that adhere to the PoW consensus. 04 Target $30: Technical indicators reveal upward path and risk warning Fibonacci extension bit gives clear navigation. Based on the swinging low of $13.5 at the end of June and the recent high of $23.86, the 1.618 extension pointing to $29.40, which is highly consistent with the psychological threshold of $30. RSI overbought signals need to be viewed dialectically. The current 4-hour chart RSI reaches 77, and the daily line reaches the extreme value of 83.23. But historical experience shows that in May 2021, ETC continued to rise by 30-40% after RSI exceeded 80s. If this trend is copied, there is still 30% upside potential based on the current $25 calculation. Key support and resistance are as follows: - Strong support range: US$22-23 (the former resistance turns to support, and the trend reverses when the break is made) - Nearly target: US$26-28.16 (the densely closed area for futures short positions) - Ultimate target: US$29.40-30 (Fibonacci resonance level with the psychological barrier) 05 Copy season rotation: ETC may become the next hub of the capital wave, the capital wave triggered by the Ethereum ETF is spreading to the entire ecosystem. Since July, mainstream altcoins such as XRP, SOL, and DOGE have followed up 20%-35%, forming a clear rotation path: 1. Institutional funds allocate ETH through ETFs → push up Ethereum price 2. Market sentiment has rebounded in full → Retail funds enter 3. ETH increase slows down → Fund spillover to high elastic altcoins ETC is positioned at key nodes with its unique positioning. Its PoW mechanism attracts Bitcoin miners to seek diversified returns, and smart contract compatibility allows it to undertake the overflow demand of the Ethereum ecosystem. When BlackRock turns ETHA to interest-bearing assets, ETC’s pledge yield (currently approximately 3.2%) may attract arbitrage capital. --- The crypto market is undergoing a historic turn from an experimental platform to a financial infrastructure. Big companies such as BlackRock swept ETH with a single-day effort of US$700 million, and its spillover effect quickly filled out "value depressions" like ETC. With the implementation of the GENIUS Act, the entry channel for traditional financial institutions has been completely opened. BlackRock, which holds $7.7 billion in ETH assets, has submitted a pledge application - once approved, it will unlock additional returns of 5%-8% annualized, completely changing the crypto asset valuation model. The market is always changing, but the nature of capital flowing to the store of value and the interest-generating assets is eternal. Technical aspects show that if ETC stands firmly at $25, it will only take 7-10 trading days to hit $30; but if it loses support from $22, it may pull back to $18-19 in the area.