Ethereum Classic (ETC) experienced a 7.0% loss, falling to $23.17 this week. The decline was more pronounced on Tuesday, with the altcoin's prices dropping by 12.8% to $21.72, marking the lowest point since January 10. This downturn aligns with the broader trend in the crypto market, as Bitcoin (BTC) lost 3.8% since the beginning of the week.

The Coincodex algorithm had initially predicted a bullish rally for ETC, projecting a target of $44.00 by the end of January. However, the altcoin has faced challenges, and the significant resistance at $25.00 has already been retested. As prices are now moving toward $20.00 per altcoin, the market dynamics suggest a shift away from the earlier bullish expectations.