JPMorgan Causes Crypto Controversy Following Strike CEO's Claims of Abrupt Account Closures

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 24 2025

ETC-1.484%

STRK-0.2%

BANK-2.524%

Should l Buy ETC?

JPMorgan Account Closure: Jack Mallers, CEO of Strike, reported that JPMorgan Chase abruptly closed his accounts without explanation, raising concerns about unfair treatment of crypto leaders by traditional banks.
Industry Reactions: The incident has sparked widespread debate within the crypto community, with many voices expressing frustration over ongoing challenges faced by crypto businesses in accessing banking services.
Support for Mallers: Industry figures, including Tether CEO Paolo Ardoino, have rallied behind Mallers, suggesting that the situation highlights persistent tensions between digital asset firms and major financial institutions.
Ongoing Concerns: The closure of Mallers' accounts has intensified discussions about the potential for systemic debanking of crypto-related clients, as users continue to scrutinize the implications for the industry.

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Technical Analysis for ETC

Technical Sentiment Analysis for Ethereum Classic (ETC) As of , Ethereum Classic (ETC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ETC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum Classic (ETC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3.611	5.381	7.331	9.101	11.051	12.821	14.771
Fibonacci	5.381	6.802	7.68	9.101	10.522	11.4	12.821

About ETC

Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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