Ethereum Classic Price Analysis: Latest Developments on February 2 and Future Outlook

As of February 2, 2026, the price of Ethereum Classic is $9.55, down 3.23% in the past 24 hours. Its market capitalization is $1.48 billion, accounting for 0.054% of the overall cryptocurrency market.

However, over the past 30 days, its price has fallen by more than 23%, indicating that the current market is facing significant correction pressure.

01 Latest Price Snapshot

As of February 2, 2026, Ethereum Classic’s market performance shows both short-term volatility and long-term pressure. According to real-time data from the Gate platform, ETC’s current price is $9.55.

In the past 24 hours, its price reached a high of $9.91 and a low of $9.19, with relatively concentrated fluctuations. The 24-hour trading volume is approximately $5.48 million, and market activity is at recent normal levels.

From a broader supply perspective, ETC’s circulating supply is 155.36 million coins, with the same total supply, and its maximum supply cap is 210.7 million coins. Currently, circulating supply accounts for about 73.74% of the maximum supply.

02 Recent Market Performance

Looking at a longer timeline, ETC’s price trend has faced challenges across multiple cycles. According to historical data from the Gate platform, ETC’s price has decreased by 16.43% over the last 7 days ending February 2, and by 23.27% over the past 30 days.

Extending the view to a full year, its performance is even weaker, with a year-over-year decline of 61.73%.

This widespread decline across different timeframes is not an isolated phenomenon. During the same period, the total market capitalization of the entire cryptocurrency market has also retreated from recent highs. In this general correction, ETC’s price is closely linked to overall market sentiment.

Market data shows that ETC’s price has been steadily falling from over $13 in early January 2026, about a month ago.

03 Key Influencing Factors

ETC’s current price trend is influenced by several key factors. First, macro market sentiment is the dominant force. Recently, major cryptocurrencies led by Bitcoin have experienced significant pullbacks, and this “bellwether” effect has inevitably affected all crypto assets, including ETC.

Second, its technical architecture presents unique opportunities and challenges. Unlike Ethereum, which is shifting to proof of stake, ETC has always maintained a proof-of-work consensus mechanism.

For supporters who favor PoW’s decentralized philosophy and mining ecosystem, ETC has become a clear choice.

However, network effects and the development speed of the application ecosystem are fundamental to its long-term value. Although ETC inherits the functionality of the original Ethereum chain, supporting smart contracts and decentralized applications, its developer community and DApp ecosystem are still smaller and less active compared to Ethereum.

04 Market Forecast and Outlook

Market analysis agencies have provided a range of predictions for ETC’s future price, from conservative to optimistic.

Based on its own model, the Gate platform predicts that the average price of ETC in 2026 could be around $9.57, with fluctuations between $9 and $10.43 throughout the year.

This forecast further projects that by 2031, ETC’s average price could reach $14.76, with a potential return on investment of approximately +54.00% compared to the current price.

More optimistic long-term predictions come from other market analyses. For example, Cryptopolitan’s analysis suggests that if the macro environment for cryptocurrencies turns bullish again, demand for ETC could rise, and its price could reach a high of $30 in 2026.

This forecast even envisions that by 2032, ETC’s price could challenge the $105 level.

It is important to emphasize that all price forecasts, especially long-term ones, contain significant uncertainties. They are based on market data, model assumptions, and macro expectations at specific points in time, and actual trends may differ due to regulatory changes, technological breakthroughs, market competition, and global economic conditions.

05 ETC on Gate Platform

For traders interested in ETC, choosing a reliable trading platform is crucial. Gate is one of the major global cryptocurrency exchanges, providing a good liquidity trading environment for ETC.

According to CoinMarketCap data, Gate is among the most active exchanges for trading Ethereum Classic. In the Gate exchange, ETC-related trading pairs also rank highly in liquidity.

Users can conveniently trade ETC on Gate and pair it with mainstream stablecoins or other cryptocurrencies. The platform offers real-time charts, depth charts, and market data to help traders better time their entries and exits.

Future Outlook

Bitcoin’s price has fallen from its all-time high to around $77,000, and the total market cap of cryptocurrencies has evaporated by about $200 billion over the past weekend. Ethereum Classic’s trading price is currently only $9.55, far below its historical peak of $167.09.

In a market characterized by intense volatility, ETC trading depth data on the Gate platform subtly reveals the tug-of-war between buyers and sellers. Some analysis reports predict that by 2032, ETC’s price could range between $67 and $105.