ETC rallies 10% as altcoin rotation returns
Ethereum (ETH)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Ethereum Classic [ETC] surged 10% in 24 hours to $8.74, driven by capital rotating into older Layer-1 networks. This movement coincided with CoinMarketCap’s Altcoin Season Index climbing to 48 over the past month. Trading volume for ETC expanded by 150% to $113.63 million, indicating stronger participation than 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, accelerating the move along the current trend.
However, this increased volatility also raises the risk of a sudden reversal. The next major test sits near the $10 swing high, roughly 14% above the press-time price. Clearing this level could confirm a broader bullish structure after the pennant breakout.
ETC remains above its key EMAs, supporting the improving short-term outlook. A decisive close above $10 with elevated volume could give the rally another leg. Conversely, a rejection near $10 could send ETC back toward its EMA support.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Binance spot data for Ethereum shows a buy ratio of 49.6% over the last hour, which is higher than the 38.5% seen over the past four hours. This suggests that buying pressure is building in the short term compared to the slightly longer four-hour window. Over the past 24 hours, the buy ratio stands at 47.2%, indicating a more balanced market over the full day. The volume delta reflects net selling pressure, with -$277,363 in the last hour and -$29,385,987 over four hours. The 24-hour volume delta is -$42,011,679, showing that sellers have dominated the flow over the day. Cumulative Volume Delta (CVD) closed at -$46,937,030, confirming the net outflow of buy-side volume. Net buying occurred in only 9 of the 24 hours, highlighting the dominance of sellers in the recent flow.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.5%, making the latest 24-hour ratio of 47.2% lower by 3.3 points. This indicates that buying interest has weakened slightly compared to the weekly average. Volume over the last day was 1.12 times the average, showing increased activity despite the lower buy ratio. While the weekly volume delta was positive at +$24,384,820, the 24-hour delta is negative at -$42,011,679. This shift suggests that recent selling pressure has outweighed the buying seen earlier in the week. Only 3 of the 7 days showed net buying, indicating that this is not an ordinary day of consistent accumulation. The price change over 8 days was +3.2%, showing modest growth despite the recent negative delta.