- Ethereum Classic price hovered around 8.30 as Ethereum maintained the $2,000 level.
- ETC coin has fallen more than 12% in the past week and could extend its downtrend.
- Analysts say Bitcoin is still weak and this could affect ETC price movements.
Ethereum Classic (ETC) was trading in the red in the early afternoon hours during the US session on Tuesday, February 10, 2026, falling nearly 3% as the parent coin continued to struggle under bearish pressure.
Analysts at CryptoQuant say the downward momentum could strengthen as Ethereum prices remain subtly close to $2,000 and Bitcoin falls to lows of $68,000.
Ethereum Classic, a proof-of-work cryptocurrency created after the Ethereum hard fork, was trading at around $8.30.
Technical conditions reflect potential widespread market losses and suggest new multi-year lows could be reached.
Ethereum classic price today
A widespread sell-off hit altcoins on February 5, 2026, sending Ethereum Classic plummeting to around $7.40.
Panic selling, driven by investors seeking to secure profits amid massive liquidations, deepened losses.
Many buyers who entered near the July 2025 high of around $25 have seen their positions turn into unrealized losses, with most remaining underwater at current levels.
Sentiment showed a tentative improvement on February 10, when ETC rose to an intraday high of $8.69.
This move was supported by a 5% increase in daily trading volume to approximately $64 million, indicating a potential near-term change in momentum.
The rebound occurred as Ethereum fell slightly but continued to remain above the $2,000 level due to increased trading volume.
CryptoQuant Analyst in a Bear Market
Analysts at CryptoQuant say a bear market is likely in its early stages and fresh losses for BTC and alternative assets are possible.
Bitcoin is currently suffering from a lack of new capital injections, which reinforces general bearish conditions, according to the firm’s on-chain analysts.
“New investor inflows have turned negative. Selling is not absorbed by new capital. In a bull market, declines attract capital that accelerates. In an early bear market, weakness causes withdrawals,” the platform shared on X.
If downward pressure on Bitcoin spreads further to altcoins, ETH could retest recent lows below $1,800. ETC, too, could see a sharper decline and fall below key support levels.
ETC price prediction
Buyers should defend the $8 level or engineer a quick bounce from support if selling pressure intensifies again, which could help limit further declines.
If this scenario unfolds, Ethereum Classic may begin to signal a potential trend reversal.
The relative strength index on the daily chart has stabilized in the oversold area, suggesting the possibility of increased momentum.
Analysts note that signs of seller exhaustion and the emergence of a bullish divergence could increase the likelihood of a stronger recovery move.
The Moving Average Convergence Divergence (MACD) indicator is pointing to a potential bullish crossover, while improving on-chain accumulation indicators have added tentative optimism.
However, given the continued weakness across the broader markets, the near-term technical outlook remains mixed and continues to tilt towards downside risks.
As CryptoQuant points out, this pressure has remained in place as Bitcoin trades below $70,000 and Ethereum faces resistance near $2,000.
Against this backdrop, Ethereum Classic’s price action near the $8 level is closely linked to ETH’s movement and will likely determine its next major move.
On the downside, analysts point to underlying support around $6.33 as a key level to watch.