Ethereum Classic (ETC) is currently trading at $8.87, reflecting a 6.38% increase over the last 24 hours. The price has shown resilience with a daily range of just 0.52%, indicating low volatility amidst the upward movement.

The trading volume of approximately 53.93 million suggests a healthy level of market activity, with a volume-to-market cap ratio of 3.91%. Short-term moving averages support a bullish trend, with the 8 SMA at $8.69 and the 13 SMA at $8.66 both showing positive momentum of 2.08% and 2.38% respectively.

The 1-hour RSI is at a high of 82, indicating overbought conditions, which could lead to a short-term price correction. However, the 7-day RSI is at 53, suggesting a neutral stance and potential for further upside without immediate overextension.

In terms of recent price changes, ETC has gained 2.39% over the past week but has seen a decline of approximately 10.64% over the last two weeks. The longer-term perspective shows a significant drop of around 31.49% in the last 30 days, highlighting ongoing volatility in the broader market context.

With an all-time high of $167.09 reached in May 2021, there remains substantial room for growth compared to current levels. Despite recent price dips, the current trend indicators suggest short-term bullish momentum, which could attract traders looking for quick gains.

Considering the technical indicators, current price action, and volume metrics, a cautious Buy rating is warranted. This recommendation is based on the strong short-term momentum combined with an average RSI, suggesting potential for further upward movement while being aware of overbought conditions.