Ethereum Classic (ETC) is currently priced at $11.99, reflecting a 24-hour decline of 2.27%. The daily range has been relatively tight, with a high of $12.46 and a low of $11.90, indicating low volatility in the short term.

The trading volume stands at approximately 61.42 million, which represents 3.31% of the market cap. This volume is modest, suggesting that market participation is subdued, potentially limiting significant price movements.

Technical indicators show bearish momentum with the 8, 13, and 21-hour simple moving averages (SMAs) trending downwards, all reflecting negative changes. The 55-hour SMA is slightly less bearish, while the 144-hour SMA indicates minor bullish momentum at $11.98, although it remains below the current price.

The 1-hour RSI at 40 suggests that ETC is nearing oversold conditions, while the 7-day RSI at 49 indicates a neutral market stance. However, the 7-day and 14-day price changes are negative, with declines of 3.58% and 2.53%, respectively, indicating bearish sentiment over the short to medium term.

ETC has seen a significant decline of 12.80% over the last 30 days, suggesting a longer-term bearish trend. The all-time high of $167.09 reached in May 2021 highlights the stark contrast between current prices and historical performance, indicating that the asset is currently undervalued relative to its peak.

Given the current technical indicators, volume trends, and overall market sentiment, a Hold rating is appropriate for Ethereum Classic at this time. The asset is experiencing short-term bearish pressure but is near oversold territory, suggesting potential for a rebound if buying interest returns.