Ethereum Classic (ETC) is currently priced at $8.95, reflecting a 1.87% increase over the past 24 hours. The daily trading range is relatively tight, with a high of $9.74 and a low of $8.70, indicating limited volatility in the short term.

The volume traded in the last 24 hours stands at approximately 97.41 million, which represents a volume-to-market cap ratio of 6.97%. This suggests that trading activity is moderate but does not indicate overwhelming investor interest at this price level.

Technical indicators show mixed signals; the 1-hour RSI is at 12, indicating potential oversold conditions, while the 7-day RSI is at 51, suggesting a neutral trend. However, the short-term moving averages are trending downwards, with the 8 SMA at $9.17, signaling bearish momentum, while the longer-term 55 SMA shows a slight positive change of 2.43%.

Over the past 30 days, ETC has declined by approximately 22.43%, highlighting significant bearish sentiment in the medium term. Conversely, the 14-day price change of 1.83% indicates a minor recovery, suggesting some potential for stabilization or upward movement in the near term.

Given the current price relative to the moving averages and the overall downtrend in the last month, the outlook for Ethereum Classic remains cautious. The significant gap from its all-time high of $167.09 also underlines the challenges ahead in terms of regaining investor confidence.

In conclusion, the combination of oversold conditions on the 1-hour RSI and the bearish trend in the short-term moving averages suggests a Hold rating for Ethereum Classic. Investors should monitor for signs of a reversal but may consider waiting for more bullish indicators before making any new purchases.