The price increase of Ethereum Classic (ETC) over the past 24 hours and week indicates a positive short-term momentum for the asset. Despite the decrease in trading volume, which could typically signal a lack of buyer interest or potential volatility, the consistent price increase and its current position well below its all-time high suggest room for growth. The reduction in circulating supply, albeit slight, may also contribute to a perception of scarcity, potentially driving prices up further in the short term.