Ethereum Classic (ETC) is currently priced at $13.07, reflecting a 4.72% decline over the last 24 hours. The daily trading range shows a low of $13.11 and a high of $14.03, indicating relatively low volatility with a daily range of just 0.92%.

Trading volume stands at approximately 53 million, with a volume-to-market cap ratio of 2.63%, suggesting moderate interest from traders. The hourly moving averages indicate bearish sentiment, with all short-term SMAs (8, 13, 21, 55, and 144) showing declines between 5.15% and 6.09% from current prices.

The 1-hour RSI is critically low at 25, suggesting that ETC is oversold in the very short term, while the 7-day RSI at 43 indicates a mild bearish trend but not yet oversold. Price changes over the past week, two weeks, and month are also negative at -3.62%, -11.88%, and -17.42%, respectively, which reinforces the ongoing bearish pressure.

The all-time high for ETC was $167.09, reached in May 2021, indicating significant distance from its peak value. Current market dynamics and the prevailing downward momentum suggest that ETC is not in a position of strength, with resistance levels likely forming around the $14 mark.

Given the persistent downtrend, low RSI values, and negative price momentum, the current market sentiment leans bearish. Therefore, the recommendation for Ethereum Classic is to Hold, as further declines may provide a better entry point for potential long positions, while the risk of further losses remains high.