After several months of stagnation, the price of Ethereum Classic (ETC) has recently shown a significant upward trend. Today, ETC successfully broke through the key resistance level of 21 dollars, marking a clear reversal of the downward trend that has been evident since last December.

This breakthrough occurred against the backdrop of an increasingly optimistic macroeconomic environment. The rising expectations of interest rate cuts and the overall improvement in the economic situation have rekindled investors' enthusiasm for the cryptocurrency market, especially interest in Ethereum Classic.

From a technical analysis perspective, the price chart of ETC shows that it is maintaining strength near the July high. Market participants are closely watching the key level of $26. If ETC can strongly break through and turn $26 into a new support level, there may be further upward movement in the short term, with potential target prices extending to $28, $34, or even $41.

However, investors still need to be cautious and closely monitor market trends. The volatility of the cryptocurrency market remains high, and price movements may be influenced by various factors, including but not limited to global economic conditions, changes in regulatory policies, and technological developments.

Overall, the latest price dynamics of ETC have injected a boost into the market, but whether this upward momentum can be sustained will require time for verification and the accumulation of more supportive factors. For investors interested in participating, it is recommended to thoroughly assess risks and conduct adequate market research before making any investment decisions.