Ethereum Classic (ETC) is currently trading at $8.70, reflecting a 24-hour change of -3.35%. The price has seen a daily range of $8.62 to $9.14, indicating a relatively narrow fluctuation of 0.52% within the last 24 hours.

The trading volume stands at approximately 56.3 million, corresponding to 4.16% of the market cap. The hourly moving averages suggest a bearish trend, with the 8 SMA at $8.83 showing a decline of 1.44%, and the 13 SMA at $8.92 declining by 2.49%.

The 1-hour Relative Strength Index (RSI) is at 29, indicating that ETC is nearing oversold territory, while the 7-day RSI is at 51, suggesting a more neutral momentum. Despite a 7-day price increase of 1.82%, the 14-day and 30-day price changes show significant declines of -8.89% and -31.99%, respectively, highlighting longer-term bearish trends.

The last recorded all-time high was $167.09 in May 2021, suggesting substantial depreciation since that peak. Given the current price action, technical indicators, and market sentiment, the asset appears to be under pressure, with declining moving averages and a low RSI indicating potential for further downside.

Considering the current technical indicators and the lack of bullish momentum, the recommendation for Ethereum Classic is to Hold. This rating reflects the need for cautious observation of potential reversals or further declines before making any significant investment decisions.