Ethereum Classic (ETC) is currently trading at $13.20, reflecting a 24-hour decline of 3.30%. The asset has seen a daily price range of 0.65%, with a high of $13.65 and a low of $13.00, indicating limited volatility in the short term.

The trading volume stands at approximately 53.79 million, with a volume-to-market cap ratio of 2.64%, suggesting moderate trading activity. The hourly moving averages show mixed trends: the 8 SMA and 13 SMA are slightly positive, while the 21 SMA and 55 SMA indicate downward momentum, particularly with the 55 SMA declining 3.53%.

The 1-hour RSI is at 37, suggesting that ETC is nearing oversold conditions, while the 7-day RSI at 46 indicates a lack of strong upward momentum. Over the past week, the price has decreased by 3.58%, and it has fallen by 8.06% over the past month, highlighting a consistent downtrend.

Comparatively, ETC remains far below its all-time high of $167.09 reached in May 2021. The current price action, coupled with the negative short-term trends, suggests that the market sentiment is bearish, and the cryptocurrency faces significant resistance levels above $13.65.

In conclusion, the combination of a declining price trend, weak RSI indicators, and resistance at higher moving averages suggests a cautious outlook for Ethereum Classic. Therefore, the recommendation is to Hold, as the asset may stabilize or experience a minor rebound, but significant upward movement appears unlikely in the immediate term.