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.
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?