Ethereum Classic (ETC) is currently trading at $13.11, reflecting a 24-hour decline of 3.68%. The price range over the last day has been between $13.01 and $14.15, indicating a relatively tight daily range of 1.14%.

Trading volume stands at approximately 68.68 million, with a volume-to-market cap ratio of 3.39%. This suggests a moderate level of trading activity, but the declining price indicates potential bearish sentiment in the market.

Short-term moving averages show a mixed outlook; the 8 SMA at $13.09 has a slight uptick of 0.17%, while the 55 SMA at $13.58 shows a decline of 3.46%. The 21 and 144 SMAs are also in a downward trend, with respective declines of 2.60% and 2.17%, which may point to continued bearish momentum.

The RSI readings further reinforce this bearish sentiment; the 1-hour RSI is at 17, indicating oversold conditions in the very short term. The 7-day RSI at 48 suggests that ETC is nearing neutral territory, but the recent price changes over 7, 14, and 30 days show declines of approximately 6.0%, 5.3%, and 17.7%, respectively, highlighting ongoing weakness.

Given that the all-time high for ETC was $167.09 in May 2021, the current price reflects a substantial decrease of over 92%, indicating a significant loss of market confidence. Unless there are strong catalysts for recovery, the prevailing trends suggest a continued struggle for ETC to reclaim upward momentum.

Based on the current technical indicators and market sentiment, I recommend a Sell rating for Ethereum Classic (ETC). The lack of positive momentum, declining moving averages, and bearish RSI readings suggest that further price declines could occur in the near term.