- Ethereum Classic price hovered around 8.30 as Ethereum held the $2,000 level.
- The ETC coin has dropped more than 12% in the past week and could extend the decline.
- Analysts say Bitcoin remains bearish, and this could impact ETC price movement.
Ethereum Classic (ETC) traded in the red in early afternoon hours during the US session on Tuesday, February 10, 2026, down nearly 3% as top coins continued to struggle with bearish pressure.
With the price of Ethereum delicately poised near $2,000 and Bitcoin dropping to lows of $68,000, analysts at CryptoQuant say downside momentum could intensify.
Ethereum Classic, a proof-of-work cryptocurrency created after an Ethereum hardfork, changed hands around $8.30.
The technical picture suggests it could mirror potential broader market losses and touch new multi-year lows.
Ethereum Classic price today
The broad sell-off that hit altcoins on February 5, 2026, pushed Ethereum Classic down sharply to around $7.40.
Panic selling, driven by investors seeking to lock in profits amid heavy liquidations, deepened losses.
Many buyers who entered near the July 2025 highs of about $25 saw their positions turn into unrealised losses, most of which remain underwater at current levels.
Sentiment showed tentative improvement on February 10, when ETC climbed to intraday highs of $8.69.
The move was supported by a 5% rise in daily trading volume to around $64 million, pointing to the possibility of a short-term shift in momentum.
The rebound came as Ethereum posted modest declines but continued to hold above the $2,000 level on increasing volume.
CryptoQuant analysts on bear market
Analysts at CryptoQuant say the bear market is likely in its early stages and fresh losses for BTC and alts are possible.
According to an on-chain analyst at the firm, Bitcoin currently suffers from a lack of new capital injection, and that strengthens the prevailing bear conditions.
“New investor inflows have flipped negative. The sell-off is not being absorbed by fresh capital. In bull markets, drawdowns attract accelerating capital. In early bear markets, weakness triggers withdrawal,” the platform shared on X.
If downside pressure for Bitcoin cascades further into altcoins, ETH may retest recent lows below $1,800. ETC likewise could drop below the key support zone, with a sharper downturn.
ETC price forecast
Bulls need to defend the $8 level or engineer a quick rebound from support if selling pressure intensifies again, a move that could help limit further downside.
If this scenario unfolds, Ethereum Classic may begin to signal a potential trend reversal.
On the daily chart, the relative strength index has stabilised in oversold territory, pointing to the possibility of an upward shift in 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 metrics have added to tentative optimism.
However, the near-term technical outlook remains mixed and continues to lean toward downside risks, given persistent weakness across the broader market.
As noted by CryptoQuant, 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 around the $8 level, closely linked to movements in ETH, is likely to determine its next major move.
On the downside, analysts point to primary support near $6.33 as a key level to watch.
