Neutral
Ethereum Classic (ETC) maintains bullish trend despite recent 11% price correction.
Ethereum Classic (ETC) experienced an 11% price correction on September 23, 2026, dropping from $9.68 to $8.60 amid a broader market downturn. Despite this decline, ETC continues to exhibit a bullish price structure, supported by recent network developments and a strong mining presence.
Key points
- Ethereum Classic's price corrected by 11% on September 23, 2026, from $9.68 to $8.60, aligning with a broader market downturn.
- Despite the correction, Ethereum Classic maintains a bullish price structure, with recent higher highs and higher lows indicating sustained upward momentum.
- The network's mining participation remains robust, with approximately 90 to 95 percent of all Ethash-compatible hashing power securing the Ethereum Classic blockchain.
- The Ethereum Classic community is progressing with the Olympia upgrade, which aims to implement EIP-1559 fee markets and establish a community treasury funded by the base fee.
Sources
AI-generated from public news sources. Not financial advice.
