Ethereum Classic (ETC) is currently trading at $14.96, reflecting a slight decline of 1.71% over the past 24 hours. The daily price range has been relatively narrow, with a high of $15.32 and a low of $14.35, indicating limited volatility in the short term.

Volume has been robust at approximately 97.7 million, representing a volume-to-market cap ratio of 4.23%. This suggests a healthy level of trading activity, but the price action does not correlate positively with the volume, given the recent downward trend in price.

Technical indicators reveal that the short-term moving averages (8 SMA and 13 SMA) are showing bullish momentum, while the longer-term averages (55 SMA and 144 SMA) indicate bearish pressure. The current RSI levels, both hourly at 42 and the 7-day at 45, suggest that ETC is nearing oversold conditions, but there is still room for downward movement before a potential reversal.

Over the last week, the price has dropped by approximately 7.41%, and it has decreased by 8.67% over the past two weeks. The 30-day price change of -2.62% further underscores a bearish trend, although this decline has been less pronounced in the shorter term.

Despite the recent downturn, the significant gap from the all-time high of $167.09 in May 2021 indicates a potential for long-term recovery if market conditions improve. However, with the current indicators pointing towards bearish sentiment and lack of upward momentum, the immediate outlook remains cautious.

Given the current technical and fundamental analysis, the recommendation for Ethereum Classic (ETC) is to Hold. This position allows investors to avoid potential losses while monitoring for a reversal in trend, especially if the RSI indicates a stronger oversold condition or if positive developments occur in the broader market.