Ethereum Classic gained 10% in 24 hours to $8.74, while trading volume surged 150% to $113.63 million. The buying came as capital appeared to rotate toward older Layer-1 networks, alongside a rise in CoinMarketCap’s Altcoin Season Index to 48 over the past month. ETC reclaimed its key exponential moving averages (EMAs), supporting a stronger short-term technical structure after retesting its pennant last week. The next major test is the $10 swing high, roughly 14% above its press-time price. Higher volatility and trading activity could extend the move, but they also raise the risk of a sharp reversal. A rejection near $10 could return ETC toward EMA support, while a decisive close above that level with elevated volume could extend the rally.