Ethereum Classic (ETC) is under heavy pressure, with technical analysts sounding the alarm. The coin is currently clinging to a fragile support zone around $14.30, and should that level break, the token might face a potential freefall toward $8.

As bearish momentum grows and trading volumes decline, market watchers are warning that the Ethereum Classic price is dangerously close to a major breakdown.

At the time of writing, ETC is trading at $14.82, down over 2% today. Market data from CoinMarketCap indicates its market cap has dropped to $2.24 billion, while 24-hour volume has dipped to just above $80 million, falling more than 12%. These figures show weaker demand for the asset, as traders appear more hesitant to invest at current prices.

The bigger concern lies in the chart. On April 16, popular crypto analyst Ali posted a stark warning: the Ethereum Classic price is testing the critical $14.30 support, and a break below this level could open a path all the way down to $8.

His TradingView chart, which outlines a clear downward channel, points to a vacuum zone between $14 and $8—a range with little historical support to cushion a fall. The price action shows repeated failures to establish higher highs, confirming a long-term downtrend that began over a year ago.

Looking at performance metrics, the outlook for ETC has been grim. Ethereum Classic has fallen by more than 15% in the past month alone. Over the last six months, it has lost more than 22% of its value. The year-to-date chart paints an even darker picture, showing a decline of over 40%. When viewed over the full year, ETC has dropped nearly 44%. These sustained losses place the coin among this year’s worst-performing top 50 assets in the crypto market.

From a technical perspective, the picture isn’t much better. TradingView’s technical summary on the daily chart currently signals a “Sell” for Ethereum Classic. Of the 26 indicators analyzed, 14 are flashing sell signals, 10 remain neutral, and only 2 suggest a possible buy. These readings confirm that ETC is still locked in a strong downtrend with minimal signs of reversal.

To prevent a further crash, Ethereum Classic bulls must defend the $14.30 level resolutely. A strong bounce from here, ideally with rising volume and a move back above $16, could reset short-term momentum. However, with bearish indicators mounting and sentiment weakening, that scenario seems increasingly unlikely without a fundamental catalyst.

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