Ethereum Classic (ETC) is currently trading at $8.18, reflecting a slight decline of 0.48% over the past 24 hours. The daily price range is narrow, with a high of $8.51 and a low of $8.15, indicating a consolidation phase amid low volatility.

Trading volume stands at approximately $46.99 million, contributing to a volume-to-market cap ratio of 3.69%. This relatively low trading volume suggests decreased investor interest, which is corroborated by the 7-day price change of -7.25% and the 14-day change of -4.07%.

Technical indicators reveal a bearish sentiment, particularly with the 1-hour RSI at 14, indicating oversold conditions. Meanwhile, moving averages show consistent declines, with the 8 SMA at $8.36 down 2.13% and the 55 SMA at $8.61 down 4.96%, signaling a trend of weakening momentum.

Fundamentally, Ethereum Classic's price is significantly below its all-time high of $167.09 reached in May 2021, reflecting persistent downward pressure. The 30-day price change of -28.76% underscores a longer-term bearish trend, suggesting that market sentiment remains negative.

Given the current technical indicators, volume metrics, and fundamental trends, the recommendation is to Hold. While the price is nearing support levels, the bearish momentum and oversold conditions indicate that a potential rebound could occur, but further confirmation is needed before initiating new positions.