Ethereum Classic (ETC) is currently priced at $13.13, experiencing a minor decline of 1.17% over the past 24 hours. The daily trading range has been narrow, with a high of $13.29 and a low of $12.70, indicating low volatility in the current market environment.

Trading volume has reached approximately $49.37 million, reflecting a volume-to-market cap ratio of 2.43%. The moving averages indicate mixed momentum, with shorter-term averages (8 SMA, 13 SMA) showing positive trends, while the longer-term averages (144 SMA) reflect a bearish sentiment with a decline of 1.67%.

The one-hour RSI stands at 84, indicating that ETC is currently overbought in the very short term. In contrast, the seven-day RSI is neutral at 50, suggesting that medium-term sentiment remains stable despite recent downward price movements over the last week and month.

Fundamentally, ETC has faced significant downward pressure over the past 30 days, with a price change of -16.69%. This trend points to underlying weakness, as the coin is still trading far below its all-time high of $167.09 achieved in May 2021.

Given the combination of short-term overbought conditions and medium to long-term bearish momentum, a cautious approach is warranted. The market shows potential for short-term gains but faces significant resistance and broader downtrend pressures.

Based on this analysis, I recommend a Hold rating for Ethereum Classic (ETC). While there may be opportunities for short-term trading, the long-term outlook remains uncertain, and investors should monitor price movements closely before committing additional capital.