- Ethereum Classic price hovered around $8.30 as Ethereum held the $2,000 level.
- ETC has fallen more than 12% over the past week and may extend its decline.
- Analysts warn that a bearish outlook for Bitcoin could influence ETC’s price action.
Ethereum Classic (ETC) traded lower in the early afternoon US session on Tuesday, February 10, 2026, slipping nearly 3% as major cryptocurrencies remained under bearish pressure.
With Ethereum precariously close to $2,000 and Bitcoin slipping toward $68,000, on-chain analysts at CryptoQuant say downside momentum could accelerate.
Ethereum Classic, a proof-of-work cryptocurrency that emerged after an Ethereum hard fork, was changing hands near $8.30.
Technicals suggest ETC could follow broader market losses and test new multi-year lows if selling continues.
Ethereum Classic price today
The broad altcoin sell-off on February 5, 2026 pushed Ethereum Classic sharply lower, briefly trading around $7.40.
Panic selling, driven by investors taking profits amid heavy liquidations, exacerbated the decline.
Many buyers who entered near the July 2025 highs of roughly $25 now face unrealized losses, with most positions still underwater at current prices.
Sentiment showed tentative improvement on February 10, when ETC rose to intraday highs of $8.69.
That move was accompanied by a roughly 5% increase in daily trading volume to about $64 million, suggesting a possible short-term shift in momentum.
The rebound came as Ethereum posted modest declines but continued to hold above $2,000 on rising volume.
CryptoQuant analysts on the bear market
CryptoQuant analysts say the bear market may still be in its early stages and that further losses for Bitcoin and altcoins remain possible.
According to the firm’s on-chain analysis, Bitcoin is suffering from a lack of fresh capital inflows, which reinforces the prevailing bearish backdrop.
“New investor inflows have flipped negative. The sell-off is not being absorbed by fresh capital. In bull markets, drawdowns attract accelerating capital. In early bear markets, weakness triggers withdrawal,” the firm posted on X.
If Bitcoin’s downward pressure spreads to altcoins, Ethereum could retest recent lows below $1,800, and ETC could fall beneath its key support zone, suffering a sharper decline.
ETC price forecast
Bulls need to protect the $8 level or prompt a swift rebound from support to limit additional losses. A successful defense or bounce could signal the start of a trend reversal for Ethereum Classic.
On the daily chart, the relative strength index (RSI) has stabilized in oversold territory, which can precede a shift in momentum to the upside.
Analysts note that evidence of seller exhaustion and the formation of bullish divergence would increase the chances of a stronger recovery.
The Moving Average Convergence Divergence (MACD) is hinting at a potential bullish crossover, and improving on-chain accumulation metrics have added to cautious optimism.
Nevertheless, the near-term technical outlook remains mixed and leans toward downside risk given ongoing weakness across the broader market.
As CryptoQuant highlights, pressure persists while Bitcoin trades below $70,000 and Ethereum faces resistance near $2,000.
In this environment, ETC’s price behavior around the $8 mark—closely correlated with Ethereum’s moves—will likely determine its next significant direction.
On the downside, analysts identify primary support near $6.33 as a critical level to monitor.