Ethereum Classic (ETC) is currently priced at $8.74, reflecting a 24-hour decline of approximately 6.46%. The daily trading range has been relatively tight at 0.89%, indicating limited volatility, with a high of $9.59 and a low of $8.70 during this period.

The trading volume stands at approximately 70 million, representing 5.15% of the market capitalization. Short-term moving averages (SMA) are trending negatively, with the 8 SMA at $9.04 showing a 3.29% decline, while longer-term SMAs are also in negative territory, signaling bearish momentum across the board.

The 1-hour Relative Strength Index (RSI) is extremely low at 8, suggesting that ETC is significantly oversold in the short term. However, the 7-day RSI at 51 indicates a neutral trend, implying potential consolidation or sideways movement in the near future.

In terms of price changes, the 7-day and 14-day metrics are positive at approximately 6.30% and 6.40%, respectively, indicating some recovery over the past weeks. Conversely, the 30-day price change shows a substantial decline of about 23.70%, reflecting a longer-term bearish sentiment.

ETC's all-time high stands at $167.09 from May 2021, which emphasizes the stark contrast between its current price and historical performance. Given the combination of the bearish technical indicators, oversold conditions in the short term, and mixed signals from the RSI, the market appears to be at a critical juncture.

Overall, the analysis suggests a cautious approach. Given the current oversold conditions but the overall bearish trend indicated by the moving averages, a Hold rating is recommended. This strategy allows investors to reassess the situation as the market stabilizes and to watch for potential recovery signals before making a decisive investment move.