ETC Price Analysis

Market Overview

From a fundamental standpoint, Ethereum Classic maintains its position with a circulating supply reflected at 153567132.3942535 and a market cap of $3.20B, keeping it among the prominent assets in its niche. The ecosystem continues to demonstrate engagement through its trading volume, now at $138.31M, which indicates steady liquidity and ongoing participation from both retail and institutional actors. Of particular note, the market’s sentiment is firmly in the realm of Extreme Fear, as indicated by a fear and greed index reading of 23. This extreme sentiment backdrop often signals a heightened caution among market participants, yet can serve as a contrarian indicator for opportunistic investors. The average hourly and daily volumes, at $27.81K and $667.53K, further underscore the presence of active traders even during periods of broader market anxiety.

Technical Analysis

Ethereum Classic is currently exhibiting a notable dynamic when analyzed through its short and long-term moving averages. The 7-day and 30-day simple moving averages reflect a directional trend that remains downward, suggesting that short-term momentum continues to face resistance despite recent upticks. This aligns with the current 90-day and 200-day moving averages also indicating a downtrend, reinforcing a broader technical narrative of persistent pressure. Additionally, the asset has experienced a degree of short-term volatility at 0.18%, highlighting active trading behavior within the last 24 hours. Price movement over the previous day, as reflected by 1.24%, suggests some buying interest amidst broader caution. Although recent momentum displays potential signs of reversal, traders will be closely watching for a confirmed shift in the prevailing technical setup before a sustained change in direction.