Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Ethereum Classic Halving Countdown: Can ETC Price Stage a Rally?

Ethereum Classic Halving Countdown: Can ETC Price Stage a Rally?

CryptoNewsNetCryptoNewsNet2026/07/13 19:48
By:CryptoNewsNet
Back to the list

Ethereum Classic Halving Countdown: Can ETC Price Stage a Rally?

Ethereum Classic Halving Countdown: Can ETC Price Stage a Rally? image 0  coinedition.com 13 m
Ethereum Classic Halving Countdown: Can ETC Price Stage a Rally? image 1

Ethereum Classic is approaching its next block-reward reduction, with the network expected to reach block 25,000,001 around July 22, 2026. The exact timing may change as block production speed determines when the programmed adjustment occurs.

NiceHash’s recent countdown placed the network above block 24.92 million, leaving fewer than 80,000 blocks before the event. Although commonly called the $ETC halving, the community describes the adjustment as a “fifthening.”

Ethereum Classic Reward Cut Reshapes Daily Issuance

Under Ethereum Classic Improvement Proposal 1017, mining rewards are reduced by 20% after every five million blocks. Consequently, the base reward will decline from 2.048 $ETC to 1.6384 $ETC per block.

The fixed “5M20” schedule provides predictable issuance and places Ethereum Classic’s eventual supply near 210.7 million tokens. This framework limits unexpected monetary changes through future network upgrades.

With average block production near 13.4 seconds, miners currently receive approximately 13,177 $ETC daily from base rewards. Following the adjustment, estimated daily issuance will fall to about 10,542 tokens.

Therefore, the $ETC halving will remove roughly 2,635 $ETC from the daily new supply. At a market price near $7.02, that reduction equals approximately $18,500 in gross miner issuance.

However, transaction fees, changing block times, and market volatility may affect miners’ actual revenue. The reduction also does not automatically create stronger market demand.

The previous reward adjustment, for instance, demonstrates that supply cuts have not produced immediate price appreciation. At the time, $ETC traded near $30 around the May 30–June 1, 2024, reduction.

However, by the end of June, the asset had declined toward $23. That performance showed how broader market direction, liquidity, and demand can outweigh slower supply issuance.

$ETC Price Must Clear Major Resistance to Confirm Recovery

At press time, Ethereum Classic traded near $6.99 on July 13 after gaining approximately 2% during the session. Nevertheless, the daily structure remained below major resistance levels.

The Coinbase chart below showed $ETC consolidating inside a tightening triangle after falling about 36% from May’s $10.09 peak. Buyers defended support between $6.44 and $6.64.

Ethereum Classic Halving Countdown: Can ETC Price Stage a Rally? image 2 Source: TradingView

Meanwhile, the 14-day relative strength index improved to approximately 44.5 but remained below the neutral 50 level. That reading showed recovering momentum without confirming a reversal.

A daily close above $7.03 would place $7.30 and $7.42 into focus. However, the stronger breakout threshold remains between $7.60 and $7.81.

A confirmed move above $7.81 would expose $8.27 and $8.59. Conversely, a decline below $6.64 could place $6.25 and $5.86 back into focus.

Overall, the $ETC halving will reduce issuance, but price direction still depends on demand, liquidity, and technical confirmation. Current data shows improving momentum, although resistance remains firmly in place.

Related: Ethereum Classic ($ETC) Price Prediction 2024-2030: Will $ETC Price Hit $50 Soon?

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

When France and Germany pay for their deficits, fiscal discipline becomes the "moat" of the UK bond market; investors are positioning in advance for a rebound in gilt bonds.

Investors are betting that the new UK Chancellor, Healey, will uphold fiscal discipline and are purchasing gilts in advance. A smooth and steady budget plan is expected to turn the UK from a "risk" in the bond market into a "positive."

智通财经•2026/10/19 08:13

Anthropic's $2 Trillion IPO Faces Doubts: Risks of Mismatched Computing Commitments and Revenue

The independent institution New Constructs reported that the Anthropic IPO is absurd, with a valuation of only 150 billion. The main controversy lies in the mismatch between long-term computing power commitments and clients' short-term on-demand procurement models, coupled with macroeconomic headwinds and early investor sell-off pressure, leading to increased market volatility.

智通财经•2026/10/19 07:51
Anthropic's $2 Trillion IPO Faces Doubts: Risks of Mismatched Computing Commitments and Revenue

Anthropic allocates 5% of shares to set up a fund before IPO, Musk calls for direct distribution to the public

Anthropic announced the establishment of a public welfare fund, initially allocating 5% of its shares. When the company's valuation increases by 50%, another 2% will be added. The aim is to address the impact of AI on employment. Musk suggested directly distributing shares to the public.

智通财经•2026/10/19 07:50
Anthropic allocates 5% of shares to set up a fund before IPO, Musk calls for direct distribution to the public

AI Stocks Struggle to Rebound: Lacking Three Major Supports, July’s Rally Hard to Replicate

JPMorgan pointed out that due to the absence of ETF bargain-hunting funds, limited room for short covering, and the early termination of the $40 billion buyback by Samsung and SK Hynix, the rebound strength of AI stocks in October may not match that of July. The resurgence of leverage risk could intensify volatility.

智通财经•2026/10/19 07:50
AI Stocks Struggle to Rebound: Lacking Three Major Supports, July’s Rally Hard to Replicate