ETC Price Drops 3.87% Amid Broad Altcoin Weakness

Ethereum Classic's price dropped by 3.87% over the last 21 hours, but it's not due to any specific fundamental catalyst related to ETC.

The drop is largely attributed to broad altcoin market softening and short-term technical selling, rather than a reaction to something unique to Ethereum Classic.

The total crypto market cap slipped from $2.90 trillion to $2.85 trillion, a decrease of roughly 1.53%, while altcoins excluding Bitcoin moved similarly, with aggregate altcoin market cap down about 1.58% in the same period.

Ethereum Classic's price movement appears to be very technical, with several traders watching and trading around the $9.5-$9.6 resistance band.