Ethereum Classic Plummets 9%: 3 Reasons Capital Concentration Made ETC Plummet!

Jakarta, Pintu News – The crypto market has been shocked yet again by the sharp drop that befell Ethereum Classic (ETC) after it lost its bullish momentum suddenly. You may have noticed that the cryptocurrency asset experienced a deep correction that erased the gains it had accumulated over the past few days amid market fluctuations. This decline sparked concerns among investors as the price structure started showing signs of exhaustion due to massive selling pressure from large holders.

ETC’s 9 Percent Price Drop Breaks the Support Level

The price of Ethereum Classic (ETC) has seen a significant fall to around IDR 319,751 ($19) after a 9 percent correction. You can see that there is a strong distribution pressure in the cryptocurrency market that caused this asset to fail to maintain its crucial support area in a short time. Technical analysts consider that the breakout of this level is a strong bearish signal for the price movement of ETC in the short term.

Current market conditions suggest that selling volume from the “whales” is starting to dominate compared to buying interest from retail traders. You should note that the crypto’s movement is also affected by the high concentration of capital in the hands of a few large holders, which increases the risk of price manipulation. If Ethereum Classic doesn’t make a recovery above the psychological level soon, then the potential for further declines will be wide open for investors.

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The Impact of Capital Concentration in Favor of the Bears

The ownership structure of cryptocurrency assets shows a high concentration of capital, which currently gives the “bears” an advantage. You should be aware that the dominance of these large holders could trigger a chain selling pressure if they decide to take profits simultaneously. Experts argue that this makes the price of ETC highly susceptible to extreme volatility compared to other crypto assets that have a more even distribution.

Negative sentiment is starting to creep into the Ethereum Classic (ETC) ecosystem as market confidence in the asset’s ability to rebound in the near future wanes. You should monitor on-chain indicators to see if there is a significant outflow of funds from large wallets to cryptocurrency trading exchanges. The lack of positive catalysts on the network development front is also contributing to ETC’s move out of the alarming red zone.

Ethereum Classic Price Projections and Rebound Opportunities

Although currently under pressure, the opportunity for a technical rebound towards the IDR353,409 ($21) level remains open if the global cryptocurrency market sentiment improves. You can take note of the RSI indicator starting to approach the oversold area, which is often a turning point for speculative buying in the digital market. ETC’s success in returning above the uptrend line will be an important confirmation for the end of the current sharp correction phase.

Long-term investors usually see the downturn in the crypto market as an opportunity to accumulate at more competitive prices with a gradual strategy. You are advised to stay up to date with news related to the cryptocurrency ecosystem and maintain risk management to stay safe amid dynamic market conditions. Always do your own analysis and do not rush to make investment decisions based on momentary price movements that can change at any time.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

• Samanthi Bandara/AMBCrypto. All about Ethereum Classic’s 9% slide and why capital concentration favors bears. Accessed February 24, 2026.