The price movement of Ethereum Classic (ETC) tracks Bitcoin during periods of price fluctuations due to its established status among altcoins. ETC patterns a price performance similar to Bitcoin during periods of Bitcoin market growth although the intensity differs. The price forecasts for Ethereum Classic require us to study market psychology together with mining economics and investor sentiment dynamics after Bitcoin halving events. Market participants including traders and investors trigger this effect by redistributing their investment portfolios for market gain capture.