Ethereum Classic (ETC) is currently priced at $11.68, with a slight decline of 0.43% over the past 24 hours. The daily trading range shows a low of $11.59 and a high of $12, indicating limited volatility with a daily range of just 0.41%.

Trading volume stands at approximately $44 million, representing 2.43% of its market cap, which suggests moderate interest from investors. The hourly moving averages reflect a downward trend, with all key SMAs showing negative changes, particularly the 144 SMA at $12.06 down by 3.11%, indicating bearish momentum.

The 1-hour RSI is at 38, suggesting that ETC is nearing oversold conditions, but the 7-day RSI at 45 shows continued weakness and suggests potential consolidation rather than immediate recovery. The price changes over 7, 14, and 30 days have all been negative, with declines of 5.36%, 9.89%, and 17.33%, respectively, reinforcing a bearish sentiment in the short to medium term.

Given the technical indicators and the persistent downward pressure reflected in the RSI values and moving averages, the outlook remains cautious. The price is significantly below its all-time high of $167.09, indicating substantial room for recovery, but the current trends do not suggest an imminent reversal.

Based on the current analysis, the recommendation for Ethereum Classic (ETC) is a Hold. The existing bearish momentum and lack of immediate catalysts for a price increase suggest that waiting for clearer signs of a trend reversal or improved market conditions may be prudent.