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Why did the price of ETC go up?

Ethereum Classic (ETC) increased by 1.69% in the past 24 hours, outperforming the overall crypto market, which gained 0.36%. This continues a positive trend over the last week, with a 1.33% rise. Here are the main reasons behind this movement:

  1. ETF Exposure Boost – A new Canadian ETF now includes ETC, making it easier for investors to access.
  2. Technical Momentum – ETC’s price moved above important average price levels, showing signs of strength.
  3. Market Sentiment Shift – Neutral overall crypto sentiment is pushing investors toward solid, less noticed coins like ETC.

1. Canadian ETF Inclusion (Positive Impact)

Overview: ETC was added to the Evolve Cryptocurrencies ETF (Evolve), which launched on January 15 and is considered one of Canada’s top crypto ETFs for 2026. This ETF allows investors to include ETC in tax-advantaged retirement accounts.
What this means: ETFs attract large institutional investors and those who prefer passive investing. This increases demand for ETC without investors needing to buy the coin directly. Being part of this ETF also strengthens ETC’s reputation as a reliable altcoin, similar to how Bitcoin ETFs in the U.S. boosted demand earlier in 2025.

2. Technical Breakout (Positive Impact)

Overview: ETC’s price rose above its 7-day Simple Moving Average (SMA) and 30-day Exponential Moving Average (EMA), both around $12.69. Additionally, the MACD indicator—a tool that shows momentum—turned positive for the first time in two weeks.
What this means: Traders see this as a sign that ETC’s price momentum is gaining strength, especially since it had been trading below these averages since early January. The positive MACD suggests selling pressure is easing.
What to watch: If ETC’s price stays above $12.80, it could trigger more buying from traders aiming for the next resistance level near $13.50.

3. Market Sentiment Rotation (Mixed Impact)

Overview: The Crypto Fear & Greed Index remains neutral at 50, but the Altcoin Season Index dropped 38% over the week. This suggests investors are moving money from smaller, riskier coins to more established ones like ETC.
What this means: With Bitcoin’s dominance stable, investors are looking for “safer” altcoins. ETC benefits here because it uses a Proof-of-Work (PoW) system, similar to Bitcoin, providing strong security, while also being compatible with Ethereum’s smart contract technology.

Conclusion

ETC’s recent gains come from better access through regulated ETFs and positive technical signals, supported by cautious investors shifting funds toward trusted networks. While there haven’t been major updates to its technology, ETC is gaining recognition for its strong security and institutional appeal.
Key point to watch: Will the initial inflows into the Evolve ETF (which can be tracked via Canadian ETF flows) confirm ongoing demand for ETC?


What could affect the price of ETC?

Ethereum Classic is balancing between upcoming upgrades and current market challenges.

  1. Olympia Upgrade – New on-chain governance and fee-burning features could reduce supply by late 2026.
  2. Mining Activity – Mining power has doubled since early 2024, but environmental and regulatory concerns around Proof-of-Work remain.
  3. Altcoin Market Sentiment – Limited investor interest in alternative coins is holding back potential gains.

Deep Dive

1. Protocol-Level Funding Overhaul (Positive Outlook)

Overview: The Olympia Upgrade, planned for late 2026, will introduce a system similar to Ethereum’s EIP-1559. This means a portion of transaction fees will be burned (destroyed), with 80% going to a treasury managed by a decentralized autonomous organization (DAO). This aims to reduce the total supply of Ethereum Classic while giving the community more control over development funding.

What this means: By burning fees, the annual increase in ETC supply could drop by about 1.5%, based on current daily trading volumes around $65 million. For comparison, Ethereum’s EIP-1559 has burned over $10 billion worth of ETH annually, showing that if ETC’s activity grows, this could positively impact its value.

2. Mining Ecosystem Health (Mixed Signals)

Overview: Since January 2024, Ethereum Classic’s mining power (hashrate) has doubled to 259 terahashes per second (source), showing strong miner support. However, ETC is now only the 7th most profitable coin to mine with GPUs, behind coins like Kaspa and Ravencoin.

What this means: A higher hashrate makes the network more secure against attacks, which is important given past security breaches in 2020. But because mining ETC is becoming less profitable, some miners might switch to other coins, which could weaken network security over time.

3. Regulatory & Market Positioning (Potential Risks)

Overview: While Ethereum and many other blockchains are moving to Proof-of-Stake (PoS), Ethereum Classic continues to use Proof-of-Work (PoW), which faces increasing scrutiny. Hong Kong’s supportive stance on Web3 (source) is a positive sign, but the U.S. Securities and Exchange Commission (SEC) remains cautious about PoW mining, with new guidelines expected in 2025.

What this means: Ethereum Classic might appeal to those who prefer PoW, but it risks losing attention if environmental and regulatory pressures grow. Its market value of $1.97 billion is much smaller—15 to 50 times less—than major PoS blockchains, which limits interest from big investors.

Conclusion

The future price of Ethereum Classic depends on how well the Olympia Upgrade can reduce supply amid ongoing challenges for PoW networks. While the upgrade could spark a price increase by 2026 (with analyst targets between $30 and $85), low developer activity (down 82% compared to Ethereum) and Bitcoin’s dominance (holding 59% of the market) remain significant obstacles. Will Ethereum Classic’s mining power hold up if Bitcoin’s price becomes volatile again? Keep an eye on the progress of the Mordor testnet and quarterly reports on miner revenues.

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What are people saying about ETC?

The Ethereum Classic (ETC) community is currently debating between sticking strictly to the “code-is-law” philosophy and concerns about slowing momentum. Here’s what’s trending right now:

  1. Bearish technical signals are dominating short-term discussions.
  2. Long-term investors are targeting prices above $55 following the upcoming Olympia upgrade.
  3. The rivalry between ETC and Ethereum (ETH) is back in the spotlight, especially in ideological debates.

Deep Dive

1. @Finora_EN: Bearish consolidation below $12.14 resistance

“Price is holding near $11.87 support – failure to break above $12.14 could lead to a breakdown.”
– @Finora_EN (6.5K followers · 70.6K impressions · 2025-12-18 10:33 UTC)
View original post
What this means: This is a negative sign for ETC in the short term. The price has repeatedly failed to rise above $12.14, showing weak buying interest. The $11.55 level is a key support to watch — if it breaks, prices could fall further.

2. @johnmorganFL: $158 price forecast by 2030

“ETC could reach $55 by 2025 if the Olympia upgrade is widely adopted.”
– @johnmorganFL (35K followers · 498K impressions · 2025-07-20 12:12 UTC)
View original post
What this means: This is a positive long-term outlook. The Olympia upgrade includes features like deflationary fee burns (through EIP-1559) and decentralized governance (DAO), which could reduce the supply of ETC and increase its value. However, this depends on how actively developers support the project.

3. @nizacoin: ETC’s “original Ethereum” story makes a comeback

“ETC keeps Proof-of-Work (PoW) and immutability — ETH moved away from these principles after the Merge.”
– @nizacoin (39.5K followers · 1.7K impressions · 2025-11-18 17:56 UTC)
View original post
What this means: This highlights ETC’s unique position as the “original Ethereum” that sticks to its original principles. However, it also shows the challenge ETC faces competing with ETH, which leads in smart contracts and decentralized finance (DeFi).

Conclusion

The outlook for Ethereum Classic is mixed. Technical indicators suggest short-term downward pressure, while long-term investors are optimistic about upgrades and ETC’s ideological differences from Ethereum. Watch closely if ETC can hold the $11.55 support level this week — a drop below could trigger further sell-offs. For ETC’s “original Ethereum” narrative to gain momentum, developer activity needs to pick up, as it has dropped 42% year-over-year according to Santiment.


What is the latest news about ETC?

Ethereum Classic (ETC) is navigating a mix of growing interest from big investors and some ups and downs in trading. Experts see strong long-term potential for ETC, even though there are some short-term challenges.

  1. Price Prediction Analysis (January 13, 2026) – Experts predict ETC could hit $100 by 2030, highlighting its unique proof-of-work (PoW) system and growing appeal to institutions.
  2. Leverage Trading Surge (January 10, 2026) – Traders reported making 8% profits using 22x leverage on ETC, showing short-term positive momentum.

Deep Dive

1. Price Prediction Analysis (January 13, 2026)

Overview: A report from CoinMarketCap looks at how ETC might reach $100 by 2030. It focuses on ETC’s use of proof-of-work, which sets it apart after Ethereum switched to proof-of-stake (PoS). The report points out ETC’s potential in areas like industrial Internet of Things (IoT) and supply chain management. However, it also warns about risks such as regulatory concerns around PoW and competition from faster, more scalable blockchains. Upcoming upgrades like the Mystique hard fork are designed to improve security.
What this means: This outlook is positive for ETC because it highlights its unique strengths and the possibility of more institutional investment over time. Still, reaching $100 will require a lot of new investment and ongoing development, especially given environmental and regulatory challenges. (CoinMarketCap)

2. Leverage Trading Gains (January 10, 2026)

Overview: Traders on the social platform X shared that they earned 8.04% gains on ETC by using 22x leverage on BingX, entering trades around $12.58. This matches recent increases in trading volume and open interest for ETC.
What this means: This is a neutral sign for ETC. While it shows there’s short-term trading excitement and liquidity, using high leverage also means higher risk of big losses if the market moves against traders. These gains don’t necessarily reflect ETC’s long-term value. (Rafcrypto0)

Conclusion

Ethereum Classic’s future is a balance between optimistic long-term price goals and short-term trading activity. Its commitment to proof-of-work attracts institutional interest, while technical upgrades aim to improve performance. The key question remains: can ETC maintain miner support and keep developing fast enough to compete with newer, more flexible blockchains?


What is expected in the development of ETC?

Ethereum Classic (ETC) is focused on community-led improvements to keep the network decentralized and strong. Here are the main upcoming updates:

  1. Olympia Upgrade (End of 2026) – Introduces a decentralized treasury and governance system controlled by the community.
  2. Core Geth Migration (No Set Date) – Transfers control of the main node software to the ETC community.
  3. Block Size Standardization (No Set Date) – Sets a fixed block size to improve network stability.

In-Depth Look

1. Olympia Upgrade (End of 2026)

What it is: The Olympia Upgrade includes four key Ethereum Classic Improvement Proposals (ECIPs):

2. Core Geth Migration (No Set Date)

What it is: This plan moves control of the Core Geth software—the main program that runs ETC nodes—to the Ethereum Classic community’s own repository.
Why it matters: This shift gives the community more control and independence from outside developers. It’s generally positive but requires strong coordination. There’s a risk of splitting the community if different versions of the software appear.

3. Block Size Standardization (No Set Date)

What it is: Proposes fixing the block size limit at 8 million gas units instead of letting it vary. This prevents miners from changing how many transactions fit in a block.
Why it matters: A fixed block size makes the network more predictable and reliable for apps built on ETC. On the downside, it could limit capacity during times of high demand.

Conclusion

Ethereum Classic is committed to decentralization with upgrades like Olympia’s DAO governance and treasury system, all while keeping compatibility with existing technology. The flexible timeline reflects its community-driven approach. The big question is whether ETC can stay true to its “code is law” principle while adopting modern solutions for scaling, like Layer 2 technologies. Keep an eye on how these proposals gain support and how the network’s mining power changes after Olympia.


What updates are there in the ETC code base?

Ethereum Classic's upcoming Olympia Upgrade will bring decentralized funding and community governance to the network.

  1. Olympia Upgrade (End of 2026) – Introduces a DAO (Decentralized Autonomous Organization) and a treasury system to support ongoing development.
  2. Mystique Upgrade (Feb 2022) – Improved transaction fee handling by adopting Ethereum’s London protocol features.
  3. Magneto Upgrade (Jul 2021) – Enhanced security and reduced transaction costs through Ethereum’s Berlin hard fork improvements.

Deep Dive

1. Olympia Upgrade (End of 2026)

Overview: This major update will add a decentralized treasury and DAO governance to Ethereum Classic. It will redirect 80% of the base transaction fees (from EIP-1559) to fund development projects proposed and approved by the community.
The upgrade includes four key proposals (ECIPs):

What this means: This is a positive step for Ethereum Classic because it creates a sustainable way to fund development and gives token holders a direct say in the project’s future. This could speed up innovation and increase adoption. Testing is already in progress, with the full upgrade expected by late 2026.
(Ethereum Classic DAO)

2. Mystique Upgrade (Feb 2022)

Overview: This update integrated Ethereum’s London protocol to make transaction fees more predictable and efficient. It introduced a fee-burning mechanism similar to EIP-1559 and optimized how gas (transaction cost) is calculated, helping reduce network congestion.

What this means: This upgrade improved the user experience by making transactions smoother and more reliable. However, it didn’t significantly change Ethereum Classic’s core value or capabilities.
(ECIP-1104)

3. Magneto Upgrade (Jul 2021)

Overview: This upgrade adopted features from Ethereum’s Berlin hard fork to enhance smart contract security and reduce gas costs. It optimized gas usage for certain operations and introduced new transaction types to improve scalability.

What this means: This was a positive development for Ethereum Classic, as it strengthened protection against certain attacks while keeping compatibility with Ethereum tools and infrastructure.
(ECIP-1103)

Conclusion

Ethereum Classic focuses on maintaining a stable protocol while gradually adding upgrades compatible with Ethereum’s technology. The upcoming Olympia DAO will change how the project funds itself by giving the community control over development decisions. It will be interesting to see how decentralized governance influences Ethereum Classic’s growth and adoption over time.