Ethereum Classic (ETC) is currently trading at $10.79, reflecting a 5.76% decline over the past 24 hours. The daily trading range shows a high of $11.59 and a low of $10.69, indicating a modest volatility of 0.9% within this period.

The trading volume stands at approximately 69.79 million, constituting 4.17% of its market cap. The hourly moving averages are all positioned above the current price, with the 8 SMA at $11.06, suggesting significant resistance levels ahead and a bearish trend persisting in the short term.

Technical indicators indicate a very low 1-hour RSI of 19, which suggests that the asset is in an oversold condition. Meanwhile, the 7-day RSI of 43 indicates that ETC is approaching neutral territory, yet it remains below the critical threshold of 50, reflecting underlying weakness in momentum.

From a longer-term perspective, the price has decreased by 6.84% over the past week and shows a more severe drop of 15.85% over the last 14 days. The 30-day price change further confirms a downtrend with a reduction of 9.63%, signaling that the current market sentiment is predominantly bearish.

Historically, ETC has a substantial all-time high of $167.09 reached in May 2021, which highlights the significant distance from current levels and potential for recovery. However, this historical peak also emphasizes the risks associated with investing in assets that have seen substantial drawdowns.

Considering the current technical indicators, bearish trends, and oversold conditions, I recommend a Hold rating on Ethereum Classic (ETC). The asset may present a potential buying opportunity if it consolidates around current levels, but further confirmation of bullish momentum is necessary before initiating a Buy.