Ethereum Classic

ETC·11.65

-0.47%

Ethereum Classic (ETC) Daily Market Analysis

By CoinStats AI

24 Jan, 2026 02:10

What is the latest news for ETC?

Ethereum Classic (ETC) Market Update

Current Price Performance

Ethereum Classic is trading at $11.67 USD with a 24-hour trading volume of $63,324,856.85 USD. The token has experienced modest volatility in recent trading sessions, with a price increase of 2.40% in the last 7 days, underperforming the global cryptocurrency market which is up 4.50%.

Market Position and Capitalization

ETC maintains a market capitalization of approximately $1.8 billion, ranking 48th among cryptocurrencies. The network continues to operate with a Proof-of-Work consensus mechanism and a fixed monetary policy with a supply cap of 210,700,000 tokens.

Major Development: Olympia Upgrade

The most significant recent development for Ethereum Classic is the proposed Olympia Upgrade. The Ethereum Classic community released draft ECIPs for the Olympia Upgrade, introducing an on-chain DAO, protocol treasury, and EIP-1559-style fee redirection, with the upgrade aiming to decentralize funding decisions via proposals and align incentives for long-term development.

Testnet activation on Mordor is planned for Q3 2026, with mainnet deployment targeted by late 2026. ECIP-1111 activates EIP-1559 but redirects 80% of base fees to a treasury instead of burning them, while ECIP-1113 establishes an on-chain DAO, allowing stakeholders to submit and vote on funding proposals.

Strategic Initiatives

ETC Grants DAO announced a push into Hong Kong, leveraging the city's new Web3 regulations to promote Ethereum Classic's Proof-of-Work model. Additionally, the network is exploring Layer-2 integration through Optimistic Rollups for scalability.

Market Sentiment and Outlook

Current sentiment is bearish while the Fear & Greed Index is showing 20 (Extreme Fear). However, analysts view the Olympia Upgrade as bullish for ETC because it addresses chronic funding challenges while reinforcing its "code is law" ethos, and by burning 80% of base fees and routing 20% to a community treasury, ETC could see reduced sell pressure and improved governance agility.

Sources:

Why is ETC price down today?

Ethereum Classic (ETC) 24-Hour Price Analysis

Current Price Movement

Ethereum Classic experienced a -1.30% price decline in the last 24 hours, with the current price trading around $11.65 USD. The modest decline reflects broader market dynamics affecting the cryptocurrency sector.

Market Context

Ethereum Classic is underperforming the global cryptocurrency market which is up 4.50%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 5.70%. This underperformance suggests ETC is lagging behind its peer assets in the current market cycle.

Technical Indicators

The RSI value is at 42.05, which indicates that the ETC market is in a neutral position. The current sentiment is Bearish while the Fear & Greed Index is showing 20 (Extreme Fear), indicating heightened market anxiety that may be contributing to downward pressure on ETC pricing.

Trading Activity

The trading volume of Ethereum Classic (ETC) is $41,739,893.29 in the last 24 hours, representing a -31.20% decrease from one day ago and signalling a recent fall in market activity. The declining volume suggests reduced investor engagement, which typically correlates with price weakness.

Longer-Term Perspective

With a price increase of 2.40% in the last 7 days, Ethereum Classic (ETC) is underperforming the global cryptocurrency market, indicating that today's decline is part of a broader week-long underperformance trend.

Sources:

What is the market sentiment for ETC today?

Ethereum Classic (ETC) Market Sentiment Analysis

Overall Sentiment Assessment

Technical analysis indicates a bearish sentiment, with 6 technical indicators signaling bullish signals and 27 signaling bearish signals as of January 22, 2026. The Relative Strength Index (RSI) value is at 42.05, indicating the ETC market is in a neutral position. However, sentiment assessments vary significantly across different analysis frameworks.

Price Performance Indicators

Current market data reflects recent weakness in ETC pricing:

24-hour change: -0.33%
7-day change: -8.97%
Current price: $11.66 USD
Market cap: $1.81 billion USD
Trading volume: $72.8 million USD
Risk score: 51.06 (moderate risk)

Technical Sentiment Signals

ETC's price action is characterized by bearish sentiment, with technical indicators showing bearish sentiment in the ETC markets. The Fear and Greed Index for ETC is in the 28 (Fear) zone, indicating elevated market anxiety.

All technical indicators indicate that the current sentiment is bearish, while the Fear & Greed Index is reading 40.68, which means extreme fear. Ethereum Classic is trading below the 200 simple moving average, and the price is currently running below the 50-day simple moving average (SMA), showing a sell signal.

Social Media and Community Sentiment

On Twitter, people are mostly neutral about Ethereum Classic, with 18.95% of tweets showing bullish sentiment compared to 21.58% with bearish sentiment, while 81.05% of tweets were neutral.

Ethereum Classic has 26,142 followers on X, which is considered a quite small follower base. The brand has generated 66,927 Reddit subscribers, which is a normal-sized fan base.

Community voices sound optimistic, with long-term holders on Reddit often pointing to the ETC to ETH ratio, and some believing ETC can pass $100 if history repeats, while others expect a new record near $260 in a full altcoin season.

Analyst Sentiment Divergence

Analyst forecasts for 2026 show significant disagreement:

DigitalCoinPrice expects ETC to enter a gradual recovery phase in 2026, with forecasts placing Ethereum Classic between $14.28 (+13%) and $16.22 (+30%).

Telegaon's 2026 outlook is extremely bullish, forecasting ETC between $69.71 (+450%) and $163.48 (+1,200%), reflecting expectations of a strong speculative cycle and renewed attention to proof-of-work assets.

99 Bitcoins expects an average price near $33 in 2026, seeing a range from $20 to $45, with a strong base between $10 and $15.

Market Context and Catalysts

ETC's price action is often influenced by broader market sentiment, proof-of-work narratives, and Bitcoin-led momentum, with ETC trading near long-term historical lows making its forward price outlook increasingly sensitive to the recovery phase in the wider crypto market.

The Ethereum Classic community introduced four Ethereum Classic Improvement Proposals (ECIPs) under the Olympia Upgrade for public review, aiming to establish a decentralized, non-inflationary funding and governance system.

Sentiment Summary

Current market sentiment for ETC reflects a bearish technical outlook tempered by neutral social media activity and divergent analyst expectations. Short-term technical indicators signal weakness, while longer-term community sentiment remains cautiously optimistic regarding proof-of-work narratives and potential ecosystem developments. The wide range of analyst forecasts indicates significant uncertainty about ETC's near-term direction.

Sources:

CoinCodex - Ethereum Classic Price Prediction: https://coincodex.com/crypto/ethereum-classic/price-prediction/
Coinpedia - ETC Price Prediction 2026-2030: https://coinpedia.org/price-prediction/etc-ethereum-classic-price-prediction/
DigitalCoinPrice - ETC Forecast: https://digitalcoinprice.com/forecast/ethereum-classic
ChangeHero - ETC Price Prediction: https://changehero.io/blog/ethereum-classic-price-prediction/
StealthEx - ETC Price Prediction: https://stealthex.io/blog/ethereum-classic-price-prediction/
Coinbase - ETC Price and Sentiment: https://www.coinbase.com/price/ethereum-classic
Messari - Ethereum Classic Research: https://messari.io/project/ethereum-classic
BitDegree - ETC Popularity Analysis: https://www.bitdegree.org/cryptocurrency-prices/ethereum-classic-etc-price/popularity

ETC Technical Analysis: Key Support & Resistance Levels?

ETHEREUM CLASSIC (ETC) TECHNICAL ANALYSIS

Current Market Status

Price: $11.66 USD
Market Cap: $1.81 billion
24-Hour Volume: $72.82 million
24-Hour Change: -0.33%
7-Day Change: -8.97%
Risk Score: 51.06/100 (Moderate)

Key Support & Resistance Levels

Primary Support Levels

ETC is currently trading within a range of $9.34 to $13.00, with these levels serving as key support and resistance levels. More specifically:

$11.88 - Strongest support level (classical pivot point analysis)
$12.45 - Secondary support
$12.81 - Tertiary support
$9.34 - Major support floor

Primary Resistance Levels

The first major resistance level for ETC is at $13.00, and if the price manages to break above this level, the next resistance levels to watch out for are $14.95 and $16.46.

Additional resistance targets:

$13.05 - Exponential moving average resistance
$13.74 - Secondary resistance
$14.31 - Tertiary resistance
$14.68 - Extended resistance

Technical Indicators Analysis

Relative Strength Index (RSI)

The 14-day Relative Strength Index (RSI) is currently at 42.29, suggesting Natural conditions so market is neither overbought nor oversold. Similarly, the weekly chart's relative strength index (RSI) is at 36.01, also indicating natural conditions in the market.

RSI Interpretation:

Neutral zone (30-70) indicates balanced momentum
No overbought conditions above 70
No oversold conditions below 30

Moving Averages

On the daily chart, exponential moving averages show a bearish signal. Ethereum Classic price currently sits below all exponential moving averages.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the ETC price moves above any of these averages, it is generally seen as a bullish sign for Ethereum Classic.

MACD (Moving Average Convergence Divergence)

Forecasts are based on historical price patterns, technical indicators such as RSI, MACD, and Fibonacci levels, as well as trend momentum.

Chart Pattern & Trend Analysis

Ethereum Classic is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise.

The currency has broken a support level and given a negative signal for the long term trading range. The currency is between support at points 18.00 and resistance at points 20.50. A definitive break through of one of these levels predicts the new direction.

Trading Volume Analysis

Current Volume: $72.82 million (24-hour)

Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend.

Timeframe-Specific Outlook

Hourly Timeframe

Neutral momentum with RSI in natural zone
Price consolidation near support levels
Watch for breakout above $13.00

Daily Timeframe

Bearish signal from exponential moving averages
Price below all major moving averages
Potential reversal if resistance at $13.00 is broken

Weekly Timeframe

RSI at 36.01 (neutral conditions)
Medium-term rising trend channel intact
Key resistance at $14.95-$16.46 for sustained uptrend

Short-Term Outlook

From a total of 17 technical indicators, 0 calls to buy, and 12 to sell, the prediction sentiment short-term is bearish based on technical price analysis.

Key Levels to Monitor:

Support: $9.34 (major floor)
Resistance: $13.00 (immediate barrier)
Extended Target: $14.95-$16.46 (if $13.00 breaks)

Medium-Term Outlook

Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 20 (Extreme Fear).

The medium-term trend remains challenged with price trading below exponential moving averages, though the rising trend channel structure suggests potential for recovery if key resistance levels are breached.