Convert 10 ETC to VND today

As of February 2, 2025, Ethereum Classic’s (ETC) trading volume surged to 584.46 million USD, reflecting growing investor interest. This increase comes as ETH struggles, indicating a potential shift in market focus towards ETC.

ETC is currently priced at 24.54 USD, marking a minor decline of 1.72%. Despite short-term bearish movements, it holds strong support at 22.50 USD, suggesting it remains in a long-term upward trend.

While Ethereum (ETH) is trading at 3,090.12 USD with a decline of 0.86%, ETC’s rise in trading volume points to a reallocation of investor interest, positioning ETC as a potential hedge against ETH’s volatility.

Ethereum Classic (ETC) is at a crucial support level of 23.46 USD, the 0.618 Fibonacci retracement. Holding this level could lead ETC to rise towards resistance points of 37 USD to 63 USD, which could signal favorable trading conditions for investors.

Current indicators, including the MVRV ratio, suggest that ETC is nearing undervaluation. If this trend continues, it may indicate buying opportunities. However, falling below the 23.46 USD mark might signal additional price declines towards 15.14 USD.

Ethereum Classic (ETC) TVL doubles ahead of Ethereum (ETH) Merge

Ethereum Classic saw more than a 100% increase in total value locked (TVL) due to the pouring of more liquidity into the project in anticipation of the Ethereum Merge.

Ethereum Classic (ETC) has been one of the best-performing cryptocurrencies in the last two months. The blockchain increased by 158% in TVL in July. On July 1, TVL was $93,213 and rose to $241,388 on July 31, according to BeInCrypto Researched based on data from DeFiLlama.

ETC rallies ahead of Merge update on Ethereum

Following the announcement of The Merge update, ETC has surged, reaching a high of $44.59. (the highest in the last 4 months).

ETC has increased by 7% in the last 24 hours and is now trading at $41.39.