Daily Cryptocurrency Analysis: Ethereum Classic (ETC)

Market Performance and Analysis:

According to the latest data as of May 12, 2026, ETC shows impressive bullish momentum, becoming one of the few strong breakout assets amid market volatility.

Price Dynamics: Currently trading around $9.78 (approximately 307.41 TWD), with a daily increase of about 1.14%. Notably, ETC has demonstrated extremely resilient performance over the past 10 days, climbing from the $8.4 range in early May, with a wave gain of over 16%, significantly outperforming most mainstream coins.

Technical Aspects:

Moving Averages Support: The 200-day moving average (SMA 200) turned upward on May 5, indicating a shift to a bullish long-term trend.

Resistance and Support: Currently testing the key resistance level at $10.02. If it can hold steady here, the upside targets are $11.35 and $12.77; downside support moves up to $9.71 (30-day moving average).

Momentum Indicators: The 7-day RSI briefly reached 73, entering overbought territory, followed by a healthy correction and consolidation. It is now in the strong neutral zone between 50–60, with room for another attack.

Major Positive Developments:

Olympia Mainnet Upgrade Preparation: The Olympia upgrade completed in April 2026 has been stably running on the testnet. This upgrade introduced the EIP-1559 burn mechanism and a community treasury (DAO), significantly strengthening ETC’s deflationary narrative and development funding.

Fifthening Supply Reduction Expectation: As the fifth block reward halving (from 2.048 to 1.6384 ETC) approaches in 2026, the market is already digesting the benefits of “supply halving,” and miner selling pressure has noticeably eased.

Safe-Haven Capital Inflows: Data shows that 35% of high-net-worth investors have included ETC in their defensive asset allocations, viewing it as the most stable PoW option besides Bitcoin.

Disclaimer:

Content for informational purposes only and does not constitute investment advice. Although ETC is supported by halving expectations, it remains influenced by Bitcoin (BTC) correlation. Please conduct your own research (DYOR).

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