ETC holds near $7.84 as weekly recovery meets resistance
Ethereum Classic (ETC)
Editor:
Eugene Serbin
tradersunion.com reports that Ethereum Classic (ETC) is trading near $7.84 following an 8% weekly climb. The asset is extending its recovery but is approaching overbought territory as momentum builds. Technical indicators on the daily chart show a sustained move higher, with MACD at 0.237598 reinforcing a strong buy forecast.
The ADX confirms underlying trend strength after a week characterized by 10.67% volatility. The nearest support level is identified at $7.83535, which corresponds to the 200-day moving average. Conversely, the closest resistance sits at $7.88, marking the weekly high.
Analysts note a shift from persistent downside pressure to firmly positive momentum. The base case expects consolidation between the $7.83535 support and the $7.88 resistance. A break above $7.88 would open the way for further upside toward $8.242154. A drop below support would expose downside toward the lower boundary of $7.437845.
How the market reacted
Whalio's own Binance spot order flow for ETC, measured when this story was written up on 7 September 2026. Not the outlet's figures.
Whalio data shows ETC trading at $7.86, with the 24-hour buy ratio at 51.1% indicating a slight majority of buying pressure. However, shorter-term readings show fading momentum, with the 1-hour buy ratio at 41.5% and the 4-hour ratio at 44.9%. Volume delta reflects this intraday weakness, showing net selling of -$26,561 over the last hour and -$26,386 over four hours. Over the full day, the volume delta is positive at +$44,481, with a cumulative CVD of +$6,553. This suggests that while buying dominated earlier in the period, recent hours have seen sellers take control. The spot volume for the 24-hour period stands at $2,043,704 across 15,864 trades.
The latest daily buy ratio of 47.1% sits at the 28th percentile of the last 322 days, against a median of 49.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making the current 24-hour ratio of 51.1% slightly above average by 1.4 points. Trading activity was elevated, with volume reaching 1.21 times the weekly average. Despite the higher volume, the 8-day volume delta was negative at -$35,683, contrasting with the positive daily delta. Net buying occurred on only 3 of the past 7 days, indicating inconsistent accumulation. The price has risen 9.3% over the last 8 days, but the negative weekly delta suggests selling pressure has offset some gains.