Ethereum Classic (ETC) price closes to $8 amid broad crypto weakness
When Ethereum hit the $2,000 level, the price of Ethereum Classic hovered around 8.30. The ETC coin dropped more than 12% last week and may extend its decline. Analysts say that Bitcoin will remain a bearer and this may affect the price movement of ETC.
Ethereum Classic (ETC) was trading in the red in the afternoon US session on Tuesday, February 10, 2026, down 3% as top coins continued to struggle against bear pressure.
With the price of Ethereum sitting comfortably around $2,000 and Bitcoin falling to a low of $68,000, CryptoQuant analysts say the rate of decline is likely to increase.
Ethereum Classic, the labor cryptocurrency created after the Ethereum hardfork, changed hands at around $8.30.
The technical picture suggests that it will reflect broad market losses and touch new multi-year lows.
Ethereum Classic price today
In the year
Panic selling, driven by investors looking to lock in profits amid heavy liquidity, adds to losses.
Many buyers who entered around $25 in July 2025 will remain underwater at current levels as their positions turn into undisclosed losses.
Sentiment showed a tentative improvement on February 10, when ETC rose to $8.69 intraday.
The move boosted daily trading volume by 5% to nearly $64 million, indicating a possible short-term momentum shift.
The rebound came after Ethereum posted modest declines but continued to hold above $2,000 with increasing volume.
CryptoQuant analysts in a bear market
Analysts at CryptoQuant say the bear market is in its early stages and new losses are likely for BTC and alts.
According to an on-chain analyst at the firm, Bitcoin is currently suffering from a lack of new capital injections, which will reinforce bearish conditions.
“The flow of new investors has turned negative. Sales are not being absorbed by new capital. Falling in bull markets attracts quick capital. Weakness in early bear markets prompts exits,” he shared on the forum on X.
If Bitcoin's downward pressure transfers to altcoins, ETH could retest recent lows below $1,800. ETC could similarly drop below a key support zone, which would result in a steep decline.
ETC price prediction
Bulls should defend the $8 level or engineer a quick rebound from support if selling pressure builds again, a move that could help limit further lows.
If this happens, Ethereum may signal a classic reversal trend.
On the daily chart, the relative strength index has stabilized in the oversold territory, indicating the possibility of an upward shift.
Analysts note that signs of seller fatigue and the formation of a bearish divergence could raise the possibility of a further recovery.
The Moving Average Convergence Divergence (MACD) indicator is pointing to a bullish crossover, while improving rally indicators on the chain have added temporary optimism.
However, given the continued weakness of the broader market, the near-term technical outlook is mixed and continues to lean towards downside risks.
As noted by CryptoQuant, this push has been in place with Bitcoin trading below $70,000 and Ethereum facing resistance around $2,000.
Against this backdrop, Ethereum Classic's price action around $8, closely linked to movements in ETH, may determine the next major move.
On the downside, analysts point to major support near $6.33 as a key level.
