Ethereum Classic (ETC) is currently priced at $11.52, showing a slight decline of 1.75% over the past 24 hours. The daily trading range is tight at 0.34%, with a high of $11.80 and a low of $11.46, indicating limited volatility in the short term.

Volume has reached approximately $46.4 million, representing a 2.59% ratio of its market cap. The hourly moving averages are trending downwards, with the 8 SMA at $11.58, showing a decrease of 0.55%, which confirms bearish sentiment in the near term.

The 1-hour RSI is at 31, signaling potential oversold conditions, while the 7-day RSI sits at 42, indicating a lack of strong momentum. This continued downward pressure is reflected in the recent price changes, with a 7-day drop of 8.72% and a 14-day decline of 8.85%.

Despite the all-time high of $167.09 reached in May 2021, current price levels indicate significant weakness and a prolonged bearish trend. Over the past 30 days, ETC has declined by 4.75%, reinforcing the need for caution among traders.

Given the technical indicators pointing towards further downside potential, and the bearish momentum reflected in volume and moving averages, a Sell rating is warranted. Traders should consider exiting positions until a more favorable technical setup emerges.