Ethereum Classic (ETC) maintains support above $22.50 while Ethereum (ETH) grapples below its 50-day moving average, raising questions about market dynamics. ETC's consolidation phase and increasing trading volume suggest a potential shift in investor sentiment towards ETC as a viable Ethereum alternative.
ETC held above the key $22.50 support while ETH struggled below its 50-day moving average, raising questions about market shifts.With both assets showing contrasting price movements and volume trends, investors question whether ETC is emerging as a viable alternative to ETH.The price chart highlighted that ETC had entered a consolidation phase after a strong December rally, trading below its 50-day moving average of $26.87 and above the 200-day moving average of $23.15.
Notably, Ethereum’s trading volume has been tapering off, with Santiment’s volume chart indicating reduced participation from traders. This uptick was a sign of renewed investor interest and growing confidence in Ethereum Classic as an alternative to Ethereum.Volume spikes in late January 2025 aligned with price movements, reinforcing the idea that traders are actively engaging with ETC.
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