🚨 Ethereum Classic (ETC) Soars 17% to 6-Month High! What’s Behind the Surge? 💥

📈 $ETC just exploded to $25.59 — a massive 17% gain, its highest level in 6 months!

With over $1B in trading volume and a market cap of $3.9B, Ethereum Classic is stealing the spotlight. But what’s really fueling this rally?

🔥 Here’s What’s Driving the Move:

✅ Spot Market Accumulation

Buy volume is outpacing sell volume for 2 straight days.

📊 July 18: 3.57M buy vs 3.08M sell

📊 July 19: 685K buy vs 623K sell

➡️ Bullish delta shows real demand.

✅ Futures Market Heating Up

📈 Open Interest +28% → $313M

💥 Derivatives volume +213% → $2.43B

BUT… majority are shorting the rally (Long/Short ratio < 1) 😮

✅ Profit-Taking Spikes

🚨 Exchange Netflow jumped to $10.3M as long-term holders began cashing out.

📊 Indicators Flash Overbought:

⚠️ RSI: 86

⚠️ Stochastic RSI: 100

➡️ Momentum is strong, but volatility ahead is HIGH.

🚀 What’s Next for ETC?

🔼 Upside Target: $29 (if bulls keep control)..

🔽 Pullback Support: $20.80 (if buyer exhaustion kicks in)..

#ETC #AltcoinSeason #CryptoBreakout #EthereumClassicRally #MarketWatch #TokenTerrac