Ethereum Classic (ETC) stands out as an alternative option to Ethereum (ETH) with its recent transaction volume and investor interest.
Does Ethereum Classic (ETC) earn what Ethereum (ETH) has lost?
Ethereum Classic’s transaction volume reaches $ 584.46 million and indicates that investor interest has increased. Meanwhile, there is a noticeable decline in ETH’s power. While ETC manages to stay above the critical $ 22.50 level, ETH gives signals of change in market dynamics by watching under the 50 -day moving average.
Due to these opposite price movements and volume trends, investors began to question whether ETC was really an alternative to ETH.
ETC price movements are following a complex course
Considering the latest data, Ethereum Classic is traded at $ 24.54 and a decrease of 1.72 %on a daily basis. When the price graph is examined, it is seen that ETC entered a consolidation stage after the powerful rally performed in December. The 50 -day moving average is below $ 26.87, but above $ 23.15, with an average of 200 -day moving average, indicates that ETC maintains its long -term rise trend.
Although the recent price movements have been characterized by low hills, it remains $ 22.50. This strengthens expectations that ETC may rise again if a stabilization is seen throughout the market.
Eth falls, does ETC win?
Ethereum traded at the level of $ 3,090.12 at the time of publication and decreases by 0.86 %on a daily basis. Although ETH is generally in the rise trend, it cannot maintain critical support levels.
While ETH’s 50 -day moving average is $ 3,377.56, the 200 -day moving average is $ 2,984.10. The decline of the 50 -day average shows that ETH can be under pressure by pointing to short -term momentum loss.
In addition, Ethereum’s transaction volume is decreasing. According to the volume data of Santimement, it is understood that the interest of investor in Ethereum has decreased and the volume of trade has decreased. This may be a reason why some investors shift to Ethereum Classic.
Process Volume: ETC’s rising momentum
According to the data received from centimeter, ETC’s transaction volume has reached a stable increase and reached $ 584.46 million at the last time. This increase shows that investor confidence in Ethereum Classic has increased and strengthens the likelihood of being accepted as an alternative to Ethereum.
Ethereum’s volume decreases and ETC’s liquidity continues to maintain its power. This, which may have shifted from Ethereum to Ethereum Classic.
What about ETC Coin February 2025 Price Future?
In the coming period, it is critical that Ethereum Classic maintains the current transaction volume and does not fall below $ 22.50 support. If Ethereum continues to weaken, ETC is likely to gain more momentum. However, it should be remembered that sales pressure has been intensified at the level of $ 27.50.
At the macro level, due to the correlation of Ethereum Classic with Ethereum, the trends in the general crypto currency market will also shape the future of ETC. If ETH is recovered, ETC can also benefit from this. However, ETC’s independent volume increase also shows that investors consider it as a separate asset from Ethereum.
