Ethereum Classic Bullish Trend Intact Despite Recent 11% Price Correction

Ethereum Classic (ETC) saw an 11.16% drop from $9.68 to $8.60 within a day, but its higher-timeframe bullish structure remains intact after a 36.5% rally in less than a week.

The decline occurred during a broader market pullback, with Bitcoin (BTC) falling 2.10% and Ether (ETH) dropping 2.53% due to profit-taking and the unwinding of overleveraged long positions.

ETC recently rose 4.72% in one hour to $9.09, extending a sharp move before the correction.

The token's chart structure shifted in August after ETC moved above the previous lower high at $7.77 and buyers defended support at $7.15 twice before pushing the price to new highs.