Ethereum Classic (ETC) is currently trading at $11.67, experiencing a slight decline of 0.50% over the last 24 hours. The price has fluctuated between a high of $11.78 and a low of $11.53, indicating a daily range of just 0.25%, suggesting low volatility and potential consolidation.

Trading volume stands at approximately 37 million, corresponding to a market volume-to-cap ratio of 2.04%. The recent price trends show a negative performance over the past week, with a 7-day price change of -8.22%, and a 14-day price change of -7.03%, reflecting ongoing bearish sentiment.

From a technical perspective, short-term moving averages (8 SMA and 13 SMA) are showing slight upward momentum, while the 21 SMA is neutral, and the longer-term 144 SMA indicates a significant decline of 1.99%. The RSI readings are neutral at 50 for the 1-hour timeframe, while the 7-day RSI at 42 suggests that ETC is nearing oversold territory, indicating potential for a reversal.

Given the persistent downward price action and the lack of significant bullish indicators, the short-term outlook appears subdued. However, the low volume relative to market cap and the neutral RSI suggest that a more pronounced move could occur as market conditions change.

Based on this analysis, the rating for Ethereum Classic (ETC) is a Hold. While the current technical indicators do not signal a strong buying opportunity, the potential for recovery exists if buying pressure increases and breaks above the recent highs. Investors should monitor for any signs of bullish momentum before making any significant commitments.