Ethereum Classic Rides Coattails of Broad Crypto Rally

Ethereum Classic (ETC) experienced a notable price increase of 3.3% over the last 30 hours, but it's not due to any specific catalyst or development within the ETC ecosystem.

The move can be attributed to a broader Bitcoin-led crypto rally, which saw the total market cap rise by about 5.47% in 24 hours.

The price of ETC rose from approximately $8.53 to $8.80, a smooth grind higher rather than a one-off spike on a coin-specific event.

A recent social engineering incident involving an unreviewed Core Geth v1.13.0 client was older than the 30-hour window and did not appear to have any significant impact on ETC's price action.