Ethereum Classic (ETC) is currently priced at $13.48, reflecting a 24-hour change of -3.22%. The trading volume of approximately $47.5 million indicates a moderate level of market activity, but the 24-hour range of just $0.57 suggests limited price volatility.

The moving averages present a bearish trend, with the 8 SMA at $13.73 down 1.80%, and the 55 SMA at $13.92 down 3.18%. The current hourly RSI is at 32, indicating oversold conditions, while the 7-day RSI at 48 suggests a neutral momentum, as the price has declined by 3.39% over the week but increased slightly by 0.03% over the last 14 days.

Ethereum Classic’s recent performance shows a significant decline of 7.26% over the past 30 days, indicating weakness in the short to medium-term outlook. The current price is a stark contrast to its all-time high of $167.09 reached in May 2021, which further emphasizes the volatility and potential risk associated with holding this asset.

Given the overall bearish sentiment reflected in the moving averages and RSI indicators, combined with the recent price declines, the recommendation is to Hold Ethereum Classic. While the asset is currently oversold, there is insufficient upward momentum to justify a Buy rating at this time.