ETC- Ethereum Classic Gains 6% On Listing Speculation
Ethereum Classic (ETC) gained 6% over the past 24 hours to $7. 64, significantly outperforming a slightly positive broader market, primarily driven by speculation about a potential new exchange. . .
Ethereum Classic (ETC) gained 6% over the past 24 hours to $7. 64, significantly outperforming a slightly positive broader market, primarily driven by speculation about a potential new exchange listing. Anticipation of a new listing, with a community vote for ETC on the Moonshot V2 Launchpad going live on June 19. The surge appears directly tied to social media buzz about a “New Listing Around the Corner” for ETC. A community vote dashboard for listing ETC on the Moonshot V2 Launchpad went live on June 19, driving retail speculation and a 55% spike in trading volume. The price action is a classic “buy the rumour” move, in which traders front-run potential increases in accessibility and visibility from a new listing. Recent portfolio data shows high-net-worth crypto investors are adopting a defensive posture. As of 18 June 2026, Ethereum Classic (ETC) is held in 35% of tracked wealthy accounts, ranking behind only Bitcoin, Ethereum, XRP, and Solana. This reflects a broader “flight to liquidity,” where capital prioritises assets with deep markets and lower execution risk during volatile conditions. The immediate trend hinges on the outcome of the listing vote and key technical levels. The price is currently testing the pivot point at $7. 47 and faces resistance near the Fibonacci 61. 8% retracement level at $7. 80. The short-term bias is cautiously bullish, contingent on the catalyst materialising. A clear break and hold above $7. 80 would confirm bullish momentum, or a loss of the $7. 20 support level, which would invalidate the uptrend and target the recent swing low of $6. 46. BTC, ETH, XRP Drag Crypto Market Cap Down to $2. 15trnJulius AlagbeJulius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting. He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa. Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions. He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape. His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses. Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa. Julius Alagbe is based in Lagos, Nigeria.