Ethereum Classic (ETC) is currently trading at $13.19, reflecting a slight decline of 1.13% over the past 24 hours. The daily trading range has been relatively tight, with a high of $13.37 and a low of $12.98, indicating limited volatility in the recent session.

The volume of $54,572,389 and a volume-to-market cap ratio of 2.67% suggest that trading activity is moderate, yet not particularly robust. The hourly moving averages indicate a bearish trend with the 55 SMA at $13.50 showing a decline of 2.32%, while the 8 SMA is marginally positive at $13.18, suggesting short-term resistance.

The 1-hour Relative Strength Index (RSI) is at 60, indicating that the asset is nearing overbought territory but is not yet in it, suggesting short-term bullish potential. In contrast, the 7-day RSI at 50 implies that the asset is neutral over a longer timeframe, correlating with a 7-day price change of -4.04% and a 14-day change of -4.96%.

Over the past month, ETC has seen a significant decline of 15.55%, reflecting broader market pressures and bearish sentiment. With the all-time high at $167.09 reached in May 2021, the current price shows a stark contrast, suggesting a long-term downtrend and potential challenges in regaining momentum.

Given the technical indicators showing mixed signals—short-term bullish potential with the 1-hour RSI but longer-term bearish trends—the recommendation is to hold. This strategy allows for a wait-and-see approach as market dynamics evolve, particularly if volume increases and momentum shifts positively in the coming days.