Ethereum Classic (ETC) is currently trading at $13.16, reflecting a slight decline of 1.28% over the last 24 hours. The asset experienced a daily range between $12.84 and $13.45, indicating limited volatility with a 0.61% daily range.

Trading volume stands at approximately 54.07 million, contributing to a volume-to-market cap ratio of 2.68%. This relatively low volume suggests limited investor interest at current price levels, which could affect the price's ability to maintain upward momentum.

Technical indicators show that the short-term moving averages (8 SMA, 13 SMA, 21 SMA) are indicating bearish trends, with the 8 SMA down 0.80% and the 13 SMA down 1.02%. The 1-hour RSI is at 30, suggesting that ETC is nearing oversold conditions, while the 7-day RSI of 52 indicates a neutral position, neither overbought nor oversold.

From a longer-term perspective, the 7-day and 14-day price changes of -5.48% and -4.36%, respectively, highlight a persistent downward trend. Over the past 30 days, ETC has seen a significant decline of approximately 23.75%, further indicating bearish sentiment in the market.

Comparing its current price to the all-time high of $167.09 reached in May 2021 shows a substantial depreciation, underscoring ongoing market challenges. The lack of bullish signals in the short to medium term suggests that a recovery may take considerable time, as broader market conditions appear unfavorable.

Given the current data and sentiment, the recommendation for Ethereum Classic (ETC) is to Hold. The asset is showing signs of potential oversold conditions, but with bearish trends prevailing across multiple indicators, a cautious approach is warranted. Holding allows for potential upward movement if market conditions improve without committing to a buy position at this time.