Ethereum Classic

Today's state: Ethereum Classic is trading at $6.97 with a $1.1 billion market capitalization (rank #56). The price moved -2.38% over the past 24 hours and is -1.58% over 7 days; the 30-day move stands at -13.64% and the 90-day at -14.90%. Both long-term and short-term horizons are pointing the same direction down — historically the regime where forced selling and capitulation are most likely to be in their later stages.

Position vs cycle: The asset trades deep in the post-peak drawdown regime, more than 70% below its prior cycle high — typical of late-stage bear conditions or assets that have permanently re-rated lower.

Volatility and structure: 30-day realized volatility of 52.4% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Bearish (30/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.

To place ETC in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: +0.69 — a strong positive relationship.
• Ethereum reference: +0.71 — a strong positive relationship.
• Solana reference: +0.79 — a strong positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Ethereum Classic (ETC) is a cryptocurrency, traded on global digital-asset markets. It trades at $6.97 as of the latest update, with a 24-hour move down 2.38%, placing it at rank #62 by market capitalisation among all listed digital assets. Ethereum Classic's current market cap stands at $1.09B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Ethereum Classic across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Ethereum Classic (ETC) is a proof-of-work cryptocurrency designed primarily as digital money — a decentralized, permissionless monetary network where transactions are verified by miners rather than any central authority. Its value proposition rests on credible scarcity, censorship resistance, and the security of its proof-of-work consensus.

Ethereum Classic currently ranks #56 by market capitalisation, making it a top-100 asset. About 74% of the maximum ETC supply is in circulation today (156.56M of 210.70M), leaving a moderate emission stream still to come. It currently trades about 96% below its all-time high of $167.08 set in May 2021.

Ethereum Classic is a proof-of-work cryptocurrency: miners compete to extend the chain by solving a computational puzzle, and the first to find a valid solution earns the block reward. There are no smart contracts, no staking, no validator set, and no on-chain governance. The protocol is intentionally minimal and single-purpose.

Issuance follows a predictable, decreasing schedule. Network security scales with the total computing power dedicated to mining; higher hashrate makes the chain more expensive to attack and is generally viewed as a vote of confidence by miners in the asset's future price.

Ethereum Classic currently ranks #56 by market capitalisation, making it a top-100 asset. About 74% of the maximum ETC supply is in circulation today (156.56M of 210.70M), leaving a moderate emission stream still to come. It currently trades about 96% below its all-time high of $167.08 set in May 2021. Its fully-diluted valuation of $1.47B is about 1.3× the circulating market cap of $1.09B, a gap that signals issuance overhang to factor into any longer-term thesis.

Ethereum Classic is used primarily as a store of value, a medium of exchange, and a settlement layer. It is not a smart-contract platform and does not host decentralized applications. Adoption typically reflects two themes: digital sound money (similar to Bitcoin's thesis) and cheap, fast peer-to-peer payments where the parent monetary network is congested or expensive.

Daily volume runs at about 3.3% of market capitalisation ($36.38M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

The supply story for Ethereum Classic comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap. Approximately 74.3% of maximum supply is currently circulating, meaning roughly 25.7% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $1.5 billion stands at 1.3× the current circulating market cap of $1.1 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

For thesis-building, the relevant question is whether the structural value-accrual mechanism (fee burns, staking-yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

At the macro level, the variables that move this asset class most are the direction of US interest rates, the supply of dollar liquidity, and the state of global risk appetite. Crypto has behaved like a long-duration, high-beta risk asset: it tends to rally when real yields fall and the dollar softens, and to sell off when liquidity tightens.

To read crypto in a wider context, keep an eye on four markets — the dollar, where strength typically pressures risk assets; long-dated Treasury yields, which set the discount rate on future cash flows; gold, sometimes a parallel hard-money bet; and US equities, frequently correlated with crypto during liquidity-driven swings despite the popular "uncorrelated" label.

For Ethereum Classic specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, ETC tends to follow; when they contract, the relationship typically reverses. Given the 90-day BTC correlation of +0.69, ETC's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

Key risks include: mining centralization (smaller PoW chains are easier to 51%-attack), declining hashrate relative to Bitcoin (which raises the relative cost of attack), regulatory pressure on energy use, and price-action sensitivity to Bitcoin (most PoW altcoins carry strong BTC correlation). Position sizing should reflect that PoW-altcoin volatility tends to amplify BTC moves in both directions.