Ethereum Classic Gains 4% as Crypto Investors Sentiment Improves
Ethereum Classic (ETC) climbed by about 4% in the last 24 hours in the cryptocurrency market, outperforming its 7-day and 30-day trends, according to data from CoinMarketCap.com.
ETC navigates protocol upgrades and institutional interest while facing scepticism over its long-term viability. Its price surged following a new technical breakout, with a new rally forming.
Trading data showed that ETC is hovering near $13 on Saturday as volume edged higher by about 5% to $70.18 million at the press time. This boosted ETC market capitalisation to $2.01 billion.
Its local market cap versus Ethereum (ETHUSD) has raised concern over relevance, and a Yahoo analysis advised retirees to avoid ETC, citing 208k total value locked and minimal developer activity.
This appears insignificant with Ethereum’s total value locked of $70 billion. ETC’s 24h rally combines technical triggers with optimism around its proof-of-work ethos and scheduled upgrades.
While the broader market remains risk-off with Bitcoin dominance at 58.98%, ETC benefits from its niche as a Bitcoin-aligned smart contract platform.
The coin broke above its 30-day average of $12.39 and pivot point around $12.64, with the MACD histogram turning positive for the first time in two weeks.
The Relative Strength Index suggests room for upward momentum before overbought conditions.
Technical traders said the move above $12.64 triggered algorithmic buy signals and short-term trader interest. Historical data shows ETC tends to rally 5-8% after sustained closes above its 30-day average.
ETC remains a top GPU-mineable coin post-Ethereum’s Merge, with Bitmain’s Antminer E9 (3 GH/s Ethash) driving 18% hash rate growth since December 2025.
Crypto analysts said strong miner participation reduces 51% attack risks and creates baseline demand for ETC. Daily mining revenue sits at $3.2 million, up 9% month on month.
Brale, a regulated stablecoin issuer, has recently launched cross-chain functionality for its USC stablecoin on Algorand, building on its existing ETC integration. The partnership emphasizes compliance and enterprise use cases. Naira Sees Market-Wide Rally as FX Users Price in Projections
