ETC 8H – Breakdown Below Trendline & Horizontal SupportEthereum Classic / TetherUSBINANCE:ETCUSDTBKVIPETC on the 8H timeframe is currently trading around 6.98 after a sharp sell-off from the May high near 10.00 that accelerated in June, breaking through both the descending trendline from the March highs and the horizontal support floor near 6.90–7.10 in a fast and aggressive move. Price briefly undercut the trendline near 6.50 before recovering slightly back to current levels, but is now sitting directly beneath the broken horizontal support at 6.90–7.10 which has flipped to resistance. The descending trendline that had been acting as a macro ceiling throughout this chart continues to press down from above near 6.60–6.70 and is now also below current price, creating a squeeze from both sides. Key Levels To Watch 10.00 → Prior high, major resistance above 8.80–9.20 → Prior range highs, key resistance 8.00–8.40 → Prior support zone, now resistance 7.30–7.50 → Prior support zone, now resistance 6.90–7.10 → Broken horizontal floor, now resistance 6.50–6.60 → Descending trendline, current area Below 6.30 → No visible support, new lows likely The structure is fully bearish. Both the descending trendline and the horizontal support floor have been broken and are now acting as overhead resistance, leaving price with no clear structural support below current levels. A recovery back above 6.90–7.10 and the broken horizontal floor would be the minimum requirement for any shift toward stabilization. Continued rejection below 7.10 keeps the path of least resistance toward 6.30 and new lows with no structure below. Structure fully bearish below broken trendline and horizontal support. Recovery only on reclaim of 6.90–7.10. Below 6.30 opens room toward new lows with no structure below.