Ethereum Classic (ETC) is currently priced at $14.38, reflecting a slight decline of 0.82% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $14.84 and a low of $14.17, indicating subdued volatility in the current market environment.

The trading volume stands at approximately $58.68 million, representing 2.65% of the market cap, which suggests moderate trading activity. The short-term moving averages show mixed signals: the 8 SMA indicates a slight upward movement of 0.15%, while longer SMAs (13, 21, and 55) are trending down, with the 144 SMA showing a decline of 3.35%, reflecting bearish momentum.

The Relative Strength Index (RSI) metrics reveal that ETC is currently oversold in the short term, with a 1-hour RSI of 35, while the 7-day RSI at 47 indicates it is close to neutral territory. This suggests a potential for price stabilization or a short-term rebound if buying interest increases.

Over the past week, ETC has experienced a significant price drop of over 10%, and the longer-term price changes further highlight a downward trend with a 30-day change of approximately -10.62%. The significant distance from its all-time high of $167.09 indicates that investor sentiment remains cautious, as the asset has not demonstrated consistent bullish behavior.

Given the current technical indicators and overall market sentiment, Ethereum Classic presents a challenging environment for bullish positions. The combination of oversold conditions and a bearish moving average trend suggests that while a short-term bounce is possible, the broader outlook remains negative.

Recommendation: **Hold**. The current price action suggests awaiting further confirmation of bullish momentum before initiating new positions, as the market remains under pressure with no clear signals for a sustained recovery.