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Ethereum Classic drops 7.4% amid market-wide crypto sell-off, but bullish trend remains intact.

Technical Signals
24 Sep 2026
AMBCrypto
View Source
Neutral
Ethereum Classic drops 7.4% amid market-wide crypto sell-off, but bullish trend remains intact.

Ethereum Classic (ETC) fell 7.4% following a broader crypto market decline led by Bitcoin's 2.10% drop and Ethereum's 2.53% fall due to profit-taking and liquidation of leveraged positions. Despite a sharp correction from $9.68 to $8.60, ETC maintains a bullish price structure with strong capital inflows and momentum indicators supporting an uptrend. The $9.20 level now acts as resistance, and further correction toward $8.39-$7.64 is possible, potentially offering a buying opportunity if demand returns. Traders should watch the $7.09 low, as a breach could signal a bearish trend reversal.

As of Sep 24, 2026 13:21 WIB, Ethereum Classic (ETC) trades at Rp166.089 on Pluang, down 0.67% in the last day with a market cap of Rp26,21 trillion. Bitcoin and Ethereum also show declines, with BTC down 2.36% at Rp1.504.943.581 and ETH down 2.09% at Rp48.018.856. ETC's Pluang order activity shows a strong sell bias at 71%, while typical holders keep their positions for about 67 days, highlighting cautious sentiment despite the ongoing bullish structure discussed in the news.

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