ETC +34.13% in 24 Hours Amid Short-Term Volatility

On SEP 2 2025, ETC surged by 34.13% in the past 24 hours to trade at $21.02. Despite this short-term rebound, the token has faced a dramatic 511.76% decline over the past week, a 48.36% drop over the past month, and a 1,787.71% decline over the past year. The sharp 24-hour price gain comes amid broader uncertainty in the digital asset markets, with ETC continuing to trade within a long-term bearish trend.

The recent 24-hour recovery does not signal a reversal in the broader trend. Analysts note that the surge appears to be driven by temporary liquidity flows rather than a sustained shift in market sentiment. ETC’s price movement remains highly reactive to macroeconomic factors and broader crypto market conditions, with limited signs of fundamental strength emerging in recent on-chain activity.

The weekly performance highlights the extreme volatility surrounding ETC. The 511.76% drop over the past seven days underlines the risks associated with the asset class, particularly in a market environment characterized by high uncertainty and shifting investor behavior. This week’s performance contrasts with the 24-hour rebound, further illustrating the unpredictable nature of ETC’s price dynamics.

Technical indicators suggest a continuation of bearish momentum in the near term. The RSI and MACD show oversold conditions, but these levels are not uncommon in extended downtrends. A sustained move above the $23.00 level would be necessary to initiate a more constructive technical bias. However, the long-term outlook remains bearish, with key support levels likely to face renewed pressure if macroeconomic conditions fail to stabilize.