Ethereum Classic (ETC) is currently priced at $11.68, reflecting a minor decline of 0.70% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $11.87 and a low of $11.36, indicating limited volatility and market interest.

Trading volume stands at approximately 49.88 million, representing a volume to market cap ratio of 2.75%. This low ratio suggests a relatively stagnant market, as higher trading volumes are typically correlated with significant price movements.

The hourly moving averages show a mixed sentiment, with the 21 SMA at $11.68 remaining neutral while the 8 and 13 SMAs indicate slight bearish trends at -0.54% and -0.13%, respectively. In contrast, the longer 144 SMA shows a more pronounced downtrend at -4.54%, indicating sustained selling pressure over a longer timeframe.

Momentum indicators reveal a 1-hour RSI of 47 and a 7-day RSI of 45, both suggesting that ETC is approaching oversold conditions. However, the 7-day price change of -9.91% and the 14-day change of -9.35% indicate a sustained downward trend, reflecting bearish sentiment in the market.

Fundamentally, the all-time high for ETC was $167.09, achieved in May 2021, showing significant distance from the current price level. The continued underperformance in the context of broader market trends may deter investors looking for immediate gains.

Given the current technical indicators, weak price momentum, and the overall bearish sentiment reflected in the recent price changes, a cautious approach is warranted. Therefore, the rating for Ethereum Classic (ETC) is a Sell, as the asset appears to lack the necessary momentum and support to initiate a recovery in the near term.