In accordance with TheMarketPeriodical, Ethereum Classic (ETC) continues to weaken as price and fully diluted valuation (FDV) metrics hit multi-month lows. The asset has failed to hold key support levels and is trading below critical price zones that previously supported recoveries in 2023 and 2024. Analysts warn that ETC could revisit deeper historical support regions, potentially reaching the $5 level. The long-term price chart shows a consistent breakdown since July 2023, with failed rallies and a strengthening bearish structure. Short-term four-hour charts also indicate a tightening downtrend, with repeated failed attempts to break above the upper channel. FDV data shows a steady decline in valuation and market demand, signaling reduced liquidity and capital concentration around ETC.
Ethereum Classic Price and FDV Hit Multi-Month Lows Amid Continued Downtrend
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