Ethereum Classic Jumps 9.68% to $9.37 on Volume Twice the Average
- —ETC climbed 9.68% to $9.37, touching a 90-day high of $9.39
- —Daily volume was 121% above the 30-day average; volume-to-market-cap ratio hit 6.68%
- —RSI at 73.2 and stochastic at 98.8 point to overbought conditions
- —ETC trades 94.33% below its May 2021 all-time high
Why it matters: ETC's rally is a byproduct of the broader market move rather than its own catalyst, so a Bitcoin reversal could hit the high-beta asset just as hard.
Source: DiarioBitcoin