ETC rallies 11% to $8.72 as technicals signal bullish momentum
Ethereum Classic (ETC)
Editor:
Eugene Serbin
tradersunion.com reported that Ethereum Classic (ETC) surged 11.37% to trade at $8.72 on 8 September 2026. The asset is currently positioned above its MA-20 and MA-50 on the hourly chart, as well as above the MA-200 on the daily timeframe. Technical indicators including the MACD and ADX confirm strong bullish momentum, while the RSI sits at 65.
The Ichimoku Kijun provides an immediate support level at $8.055, and Bull/Bear Power points to ongoing buyer dominance. However, the Stoch RSI and CCI both indicate that the asset is in overbought conditions. The Awesome Oscillator further supports the view of an upward trend.
In the short term, ETC is expected to trade within a range of $8.24 to $8.93 over the next one to two sessions. The central scenario anticipates consolidation within this volatility band. A clear break above the $8.93 resistance could trigger renewed buying, while a move below $8.055 would signal a bearish reversal.
How the market reacted
Whalio's own Binance spot order flow for ETC, measured when this story was written up on 8 September 2026. Not the outlet's figures.
Whalio data shows ETC trading at $7.90 with a 1-hour buy ratio of 53.2% and a 4-hour buy ratio of 57.2%. These short-term readings are higher than the 24-hour buy ratio of 46.7%, indicating that buying pressure is currently building. The 1-hour volume delta is positive at +$48,023, while the 4-hour delta is +$487,524, showing net buying in recent sessions. In contrast, the 24-hour volume delta is negative at -$190,946, meaning net selling has occurred over the full day. The cumulative volume delta (CVD) for the 24-hour close is +$507,005. This suggests that while there was net selling earlier, recent flows have been aggressively bullish.
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 7-day average buy ratio was 50.3%, compared to the latest day's 46.7%, a difference of 3.6 percentage points. This indicates a slightly lower proportion of buys on the latest day compared to the weekly average. However, spot volume was 1.64 times the average, showing significantly higher activity. The coin saw a price change of +8.5% over eight days, with a total volume delta of -$131,527 for the period. Net buying occurred on 4 of the 7 days, suggesting mixed but generally active trading conditions.