ETC rallies 10% on altcoin rotation and volume surge
Ethereum Classic (ETC)
Editor:
Eugene Serbin
ambcrypto.com reports that Ethereum Classic [ETC] surged 10% in 24 hours to $8.74 as capital rotated into older Layer-1 networks. This move coincided with CoinMarketCap’s Altcoin Season Index climbing to 48 over the past month. Trading volume for ETC increased 150% to $113.63 million, indicating stronger participation than in earlier recovery stages.
On the daily chart, ETC reclaimed key EMAs, shifting its short-term technical structure toward buyers. The rally extended bullish momentum that began after ETC retested its pennant last week. Daily and weekly price volatility rose sharply over 48 hours, which could accelerate the current trend.
However, this rising volatility also increases the risk of a sudden reversal. The next major test sits near the $10 swing high, roughly 14% above the press-time price. A decisive close above $10 with elevated volume could extend the rebound and confirm a broader bullish structure. Conversely, a rejection near $10 could send ETC back toward its EMA support after the breakout attempt.
How the market reacted
Whalio's own Binance spot order flow for ETC, measured when this story was written up on 9 September 2026. Not the outlet's figures.
Whalio spot data shows ETC trading at $8.62 with a 24-hour buy ratio of 52.9%, indicating that buyers held the majority share of volume over the full day. In contrast, the 1-hour buy ratio dropped to 37.8% and the 4-hour ratio sat at 45.7%, suggesting that recent buying pressure has faded compared to the daily average. The 24-hour volume delta was positive at +$599,372, meaning more money flowed into buys than sells over the day, while the 1-hour delta was negative at -$26,283. The CVD for the 24-hour close was -$60,254, showing that recent selling pressure outweighed buying pressure at the close of the period. Spot volume for the period was $10,011,617 across 71,954 trades. Net buying occurred for 12 of the 24 hours, showing that the positive flow was not consistent throughout the entire day.
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, ETC saw a 7-day average buy ratio of 49.8%, with the latest day showing a 3.1 point increase over that average. Volume was 5.08 times the average, indicating an unusual level of activity compared to the previous week. The price changed by +19.1% over 8 days, with a total volume delta of +$466,893. Net buying occurred for 3 of the 7 days, suggesting that the recent surge is part of a broader but intermittent recovery pattern. This week’s volume spike stands in stark contrast to the typical trading behavior, marking this as an unusually active period for the asset.