Ethereum Classic ETC

Where ETC sits in the market

At #58, Ethereum Classic sits in the bottom of the large-cap band, adjacent to the mid-cap cut-off. Down here the large-cap label is doing less work than it appears to. ETC is one revision away from the mid-cap band, and the practical consequences of crossing that line — index eligibility, market-maker commitments, how much size the book absorbs — change well before the ranking does.

CryptoPingAi is currently streaming 8 live ETC order books (Binance, Bybit, OKX, Gate.io, MEXC, HTX…). That is wider coverage than most assets ranked near #58 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

ETC against its all-time high

More than 95% separates ETC from its all-time high of $167.09 (on 2021-05-06) — a 23.1x recovery. At that distance the high stops working as a reference at all; it belongs to a different supply structure, a different holder base and typically a different cycle. What carries information for ETC now is the downside, so read the range section below before this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

ETC across its historical range

ETC has traded across a 272x range, between $0.6150 and $167.09. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

Spot is about 11.7x above the all-time low of $0.6150 (on 2016-07-24) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

ETC supply structure

ETC is capped at 210.7 million ETC, of which only 156.6 million is circulating — 74.3% issued, leaving 54.1 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset ETC is

Ethereum Classic is a base-layer network, so ETC is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Value accrual runs through validator economics and through whatever activity settles on the chain itself. Because it is secured by proof of work, new ETC arrives on a fixed schedule and is paid to miners who carry real energy costs — a structural, price-insensitive source of sell pressure that proof-of-stake chains do not have.

CoinGecko files ETC under 4 categories, including Layer 1 (L1), Proof of Work (PoW), Coinbase 50 Index. Worth flagging from the metadata: ETC is a constituent of the Coinbase 50 Index.

How to set a Ethereum Classic alert that is worth receiving

Ethereum Classic (ETC) — quoted on 8 venues we stream — high dated 2021-05-06 — rank #58. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →