Ethereum Classic (ETC) is currently trading at $14, reflecting a 24-hour change of -1.57%. The daily price range has been relatively tight, with a high of $14.22 and a low of $13.76, indicating limited volatility in the short term.

Trading volume has reached approximately 55.27 million, contributing to a volume-to-market cap ratio of 2.55%. The moving averages indicate a mixed short-term sentiment, with the 8 and 13 SMA showing slight upward momentum while the 21 SMA is flat and the 144 SMA is showing a modest increase.

The 1-hour RSI stands at 45, suggesting a neutral position in the immediate term, while the 7-day RSI at 49 indicates a slight bearish trend over the past week. The price has decreased by approximately 4.67% over the last seven days, 10.71% over the last 14 days, and 14.64% over the past month, signaling a continued downtrend.

Despite the significant drop from its all-time high of $167.09, the current price of $14 suggests that ETC may be in a consolidation phase. However, the persistent negative price changes over various timeframes imply that bearish pressure remains prevalent.

Given the current technical indicators and the ongoing downtrend, I recommend a Hold rating for Ethereum Classic. Investors should monitor for potential bullish signals, but the overall market conditions and price movements suggest a cautious approach.