Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    CFTC charges digital asset platform over ‘pig butchering’ scheme

    January 20, 2024

    Popset Leads the Charge in Onchain Social Networking with $1M Pre-Seed Funding | NFT CULTURE | NFT News | Web3 Culture

    May 3, 2024

    Pulte’s FHFA eyes crypto in $8.5 trillion U.S. mortgage markets

    June 24, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

      July 14, 2025

      Will Pi crash or rally in 2025?

      July 11, 2025

      July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

      July 10, 2025

      UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

      July 8, 2025

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025
    • Technology

      Hungary Bans Unlicensed Crypto Platforms: Revolut and Bitstamp Suspend Services

      July 14, 2025

      HBAR price targets 45% surge as key Hedera metrics surge

      July 13, 2025

      Comment on Bitcoin ETF Inflows Near $1B as BlackRock’s IBIT Leads the Charge by Bitcoin ETFs See Historic Surge With Consecutive $1B Inflows in

      July 12, 2025

      SUI Price Targets Breakout as Macro Triangle Pattern Tightens and TVL Tops $2B

      July 11, 2025

      Coinbase partners with Perplexity to unlock real-time crypto data for traders

      July 10, 2025
    • Learn/Guide

      FUNToken Isn’t Just Trending – It’s Consolidating Power in Telegram, One User at a Time

      July 14, 2025

      Tether to end USDT support for Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand in September

      July 13, 2025

      Pump.fun secures $500M in public sale; PUMP token jumps in pre-market trading

      July 12, 2025

      Best Crypto PR Agencies of 2025

      July 11, 2025

      Coinbase, Perplexity AI join forces to enhance crypto data access for traders

      July 10, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Ethereum Classic [ETC] leads the altcoin decline- Here’s the detailed report
    Technology

    Ethereum Classic [ETC] leads the altcoin decline- Here’s the detailed report

    May 18, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ethereum Classic [ETC] leads the altcoin decline- Here's the detailed report
    Share
    Facebook Twitter LinkedIn Pinterest Email



    • Ethereum Classic faces the weight of the bears as the FUD wave sends ripples across the altcoin market.
    • ETC loses last week’s gains but there is evidence of buyers buying the dip.

    The crypto market cap fell 4.48{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the last 24 hours, at the time of writing. Most of the wiped-out liquidity was from the altcoin market and Ethereum Classic was one of the coins at the forefront of the latest sell-off.


    Is your portfolio green? Check out the Ethereum Classic Profit Calculator


    A brief look at CoinMarketCap revealed that the top altcoins shed a substantial amount of value in the last 24 hours.

    This decline was largely associated with the uncertainty caused by SEC chair Garry Gensler during a recent congressional hearing.

    Ethereum Classic appears to be among the top coins caught up in the recent contagion.

    Consider this- ETC fell by over 8{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} in the last 24 hours, wiping out all of the gains that it achieved in the second week of April.

    The previous rally had resulted in a breakout from its megaphone pattern that prevailed since February. The breakout led to a stronger bullish expectation but ETC cooled down slightly since mid-February.

    Source: TradingView

    The selling pressure, at press time, pushed the alt below the 50{ee212069bfc2680724ddd6b0d505d051cd6a6be760d8da0a6a57844f2abae5c8} RSI level which suggested that the market favored the bears.

    Switching to the 4-hour price chart revealed that the price was, at press time, oversold, but a slight recovery was in sight. This is because the price has retested short-term support near the $20.18 price zone.

    Ethereum Classic

    Source: TradingView

    While there is a significant prospect of a bounce back from the current level, it is worth noting that Ethereum Classic has so far lost slightly over $367 million from its market cap since 14 April.

    However, it regained roughly $16 million from its 24-hour bottom.

    Ethereum Classic market cap

    Source: Santiment


    Realistic or not, here’s Ethereum Classic’s market cap in BTC terms


    Furthermore, Ethereum Classic’s on-chain volume fell significantly in the last seven days. However, it registered a slight uptick over the last day, likely associated with the accumulation after the dip. Furthermore, the daily volume surged back above $200 million.

    Ethereum Classic on-chain volume

    Source: Santiment

    Should investors expect a recovery?

    Current observations suggest that the initial wave of sell pressure is cooling down. The slight market cap gain indicates that some investors are already looking to capitalize on the recovery.

    Ethereum Classic bulls were taking a break before the latest crash, hence many buyers may see the current drawdown as an opportunity to buy back at a steeper-than-anticipated discount.

    While the current expectations are bullish, it does not necessarily mean that the bears are done with their assault. There is still a probability of more downside if Ethereum Classic fails to secure enough bullish momentum.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Hungary Bans Unlicensed Crypto Platforms: Revolut and Bitstamp Suspend Services

    July 14, 2025

    HBAR price targets 45% surge as key Hedera metrics surge

    July 13, 2025

    Comment on Bitcoin ETF Inflows Near $1B as BlackRock’s IBIT Leads the Charge by Bitcoin ETFs See Historic Surge With Consecutive $1B Inflows in

    July 12, 2025

    SUI Price Targets Breakout as Macro Triangle Pattern Tightens and TVL Tops $2B

    July 11, 2025
    Top Posts

    Memecoin announces a viral tattoo challenge

    June 18, 2024

    Bitwise updates its Spot Bitcoin ETF application

    December 5, 2023

    Crypto-futures markets and exploring BTC, ETH’s path to future profits

    May 23, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

    July 14, 2025

    Will Pi crash or rally in 2025?

    July 11, 2025

    July’s Rate Cut Dreams Fade: Fed Seen Holding Firm as Trump Fumes

    July 10, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.