Ethereum Classic (ETC) is currently priced at $13.40, reflecting a slight 24-hour decline of 0.05949%. The daily trading range has been relatively narrow, with a high of $13.75 and a low of $13.16, indicating low volatility in the short term.

Volume has reached approximately 84.89 million, with a volume-to-market cap ratio of 4.09%, suggesting moderate interest but not overwhelming trading activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $13.42 showing a decline of 0.16% and the 144 SMA at $14.19 indicating a more significant drop of 5.57%.

The Relative Strength Index (RSI) metrics are positioned around 44 for the hourly and 45 for the 7-day, indicating that ETC is nearing oversold conditions but lacks strong upward momentum. Over the past week, the price has dropped by 12.43%, and the 14-day and 30-day price changes are also negative, at -18.78% and -14.23%, respectively, suggesting a sustained downtrend.

Given the technical indicators and the recent price movements, the outlook for ETC appears bearish, with resistance levels around the 21 SMA ($13.47) and 55 SMA ($13.63) likely to act as barriers for any potential recovery. The significant distance from the all-time high of $167.09 also emphasizes the long-term challenges that ETC faces in regaining bullish momentum.

Based on the current analysis, a Sell rating is warranted for Ethereum Classic. The combination of negative price trends, bearish moving averages, and RSI metrics indicates that further downside risk is likely in the near term, suggesting that investors should look to exit positions or avoid new entries.