- Ethereum Basic value remained round 8.30 as Ethereum maintained the $2,000 degree.
- ETC coin has fallen greater than 12% prior to now week, and the decline is prone to widen additional.
- Analysts say Bitcoin stays bearish and this might influence ETC value actions.
Ethereum Basic (ETC) traded within the crimson throughout early afternoon US buying and selling on Tuesday, February 10, 2026, dropping almost 3% as the highest coin continued to endure from bearish stress.
With the value of Ethereum hovering delicately round $2,000 and Bitcoin dropping to lows of $68,000, analysts at CryptoQuant say the draw back may acquire momentum.
Ethereum Basic, the proof-of-work cryptocurrency created after Ethereum’s arduous fork, started buying and selling at round $8.30.
Technical situations counsel that multi-year lows may very well be reached, reflecting potential losses throughout the market.
Ethereum Basic value immediately
A widespread sell-off that hit altcoins on February 5, 2026 prompted Ethereum Basic to plummet to round $7.40.
Amid massive liquidations, panic promoting by traders searching for to lock in earnings widened losses.
Many consumers who entered the inventory close to the July 2025 excessive of round $25 have turned their positions into unrealized losses, leaving most of them underwater at present ranges.
Sentiment confirmed a tentative enchancment on February tenth, with ETC rising to an intraday excessive of $8.69.
The transfer was supported by a 5% enhance in each day buying and selling quantity to about $64 million, suggesting a doable shift in momentum within the close to time period.
Though Ethereum recorded a small decline, the rebound was as a result of continued rise in quantity and above the $2,000 degree.
CryptoQuant Analysts Speak Concerning the Bear Market
Analysts at CryptoQuant say the bear market is probably going in its early phases and recent losses in BTC and different currencies are doable.
Based on the corporate’s on-chain analysts, Bitcoin is presently affected by a scarcity of latest capital injections, which is reinforcing the final bearish scenario.
“New investor inflows have turned adverse. Promoting will not be absorbed by new capital. In bull markets, drawdowns entice accelerating capital. In early bear markets, weak spot triggers exits,” the platform shared with X.
If Bitcoin’s downward stress spreads additional to altcoins, ETH may retest its latest lows beneath $1,800. ETC may equally fall beneath key assist zones, leading to a steeper decline.
ETC price prediction
The bulls have to defend the $8 degree or engineer a fast rebound from the assist if promoting stress resumes, which may assist restrict additional draw back.
If this situation performs out, Ethereum Basic may begin displaying indicators of a possible pattern reversal.
On the each day chart, the relative energy index is steady within the oversold area, indicating a doable shift in momentum to the upside.
Analysts observe that indicators of vendor exhaustion and the emergence of a bullish divergence may enhance the chance of a stronger restoration transfer.
The Shifting Common Convergence Divergence (MACD) indicator factors to a doable bullish crossover, whereas enhancements within the on-chain cumulative indicator are briefly growing optimism.
Nevertheless, the near-term technical outlook stays blended given sustained weak spot throughout the market and continues to lean towards draw back dangers.
As famous by CryptoQuant, this stress stays as Bitcoin trades beneath $70,000 and Ethereum faces resistance close to $2,000.
Towards this backdrop, the value motion of Ethereum Basic across the $8 degree is intently associated to the motion of ETH and is prone to decide the subsequent large transfer.
On the draw back, analysts level to the first assist close to $6.33 as a key degree to look at.