Ethereum Classic (ETC) is currently trading at $8.22, reflecting a 24-hour decline of 2.70%. The daily price range has been relatively tight, with a high of $8.48 and a low of $8.19, indicating limited volatility in the short term.

Trading volume stands at 34,224,169, representing 2.67% of its market cap. The current hourly moving averages show a bearish trend, with the 8 SMA at $8.26 down 0.54%, the 13 SMA at $8.32 down 1.23%, and the 21 SMA at $8.37 down 1.75%, indicating that short-term momentum is negative.

The Relative Strength Index (RSI) for the past hour is at 28, suggesting that ETC is oversold in the immediate term. In contrast, the 7-day RSI at 47 indicates that the cryptocurrency is nearing neutral territory but lacks significant buying momentum, while the 14-day price change reflects a slight downtrend of -2.77%.

Over the past 30 days, Ethereum Classic has seen a substantial price drop of approximately 28.29%. This decline has been exacerbated by broader market trends and a lack of positive catalysts to reverse sentiment, making it challenging for ETC to break out of its current range.

Despite the historical all-time high of $167.09 reached in May 2021, the current price levels are significantly lower and indicate a prolonged bearish phase. The lack of immediate bullish signals from moving averages and RSI values suggests that buyers are still hesitant to enter the market.

Given the current technical indicators and fundamental outlook, I rate Ethereum Classic as a Sell. The combination of negative momentum, oversold conditions without strong recovery signals, and a broader declining trend makes this an unfavorable entry point for investors. A cautious approach is warranted until a more definitive reversal pattern emerges.