Ethereum Classic (ETC) has achieved a notable breakout, exceeding resistance and aiming for a target of $127.65. This upward movement is attributed to expanding DeFi applications and growing institutional investment in the crypto market, as per recent chart analysis by Javon Marks. ETC’s price surged 4.4% in 24 hours, reaching above $2,587 before retracing. The current breakout structure remains active, with a target zone situated more than 510% above ETC’s current market value. ETC has seen an initial strong surge followed by a downward correction, leading to a consolidation range. Now, the asset is approaching $26 with rising volume support. This recent upward movement signifies that ETC is holding firm and surpassing previous resistance, now acting as support. The position highlights sustained technical strength. Market observers closely track this breakout structure and the associated target, which could further impact ETC’s trajectory in the short to medium term.