ETC Price Analysis

Market Overview

Ethereum Classic’s fundamentals remain a focal point for traders and investors alike, with a market capitalization at $3.20B and a circulating supply of 153567132.3942535. The asset’s 24-hour volume of $138.31M illustrates a continued engagement from market participants, further complemented by an average 24-hour trading volume of $537.99K. Market sentiment currently registers as Extreme Fear, as reflected by a fear and greed index value of 23, suggesting a notable sense of caution among the broader investor base. Recent daily price shifts, with a 24-hour change of 2.14%, highlight this sentiment, reinforcing that the market is still likely digesting recent volatility and broader macroeconomic factors.

Technical Analysis

Ethereum Classic has shown a dynamic price performance in recent sessions. The current price stands at $20.85, with technical momentum influenced by moving averages across key periods. The short-term 7-day SMA is trending upwards, suggesting a possible short-term bullish momentum, while the longer 30, 90, and 200-day SMAs are all trending down, indicating prevailing challenges for upward movement on a broader horizon. Volatility over the last 24 hours has remained at 0.14%, reflecting market fluctuations that may attract both risk-averse and speculative traders. Recent hourly changes show quick shifts, highlighting the asset’s responsive nature to evolving market conditions. Despite the positive move in the short-term average, broader technical signals suggest a need for sustained buying pressure to confirm longer-term trend reversals.