Ethereum Classic (ETC) is currently trading at $13.19, reflecting a 3.98% decline over the past 24 hours. The price range during this period has been between $13.05 and $14.15, indicating a relatively low volatility of 1.1%.

The trading volume stands at approximately 81.8 million, with a volume-to-market cap ratio of 4.01%. This suggests a modest level of market activity relative to its overall market capitalization, which may imply some liquidity issues in the current trading environment.

Technical indicators show a bearish sentiment, with the 1-hour RSI at 34, indicating oversold conditions. Additionally, the short-term moving averages (8, 13, and 21 SMA) are all in a downward trajectory, suggesting continued selling pressure in the immediate term.

Over the past week, the price has decreased by 7.3%, while the 14-day and 30-day changes are also negative at -5.98% and -20.04%, respectively. These sustained declines highlight a bearish trend, with the asset struggling to regain upward momentum.

In comparison to its all-time high of $167.09 reached in May 2021, the current price reflects a significant depreciation, emphasizing the asset's struggle to attract buyers. The broader market context may also contribute to the downward pressure, as macroeconomic factors can influence investor sentiment in cryptocurrencies.

Given the current technical indicators and overall market conditions, the recommendation for Ethereum Classic (ETC) is a Sell. The combination of declining price trends, weak RSI readings, and bearish moving averages indicate a lack of short-term bullish potential, warranting caution for potential investors.