Ethereum Classic (ETC) is currently priced at $13.61, showing a slight decline of 0.63% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $13.89 and a low of $13.62, indicating low volatility in the market.

The trading volume of 47,927,138 reflects a Vol/Market Cap ratio of 2.28%, which suggests moderate interest but may not be sufficient to drive significant price movements. The hourly moving averages are all trending downwards, with the 8 SMA at $13.70 and the 144 SMA at $13.89 indicating bearish momentum across different time frames.

Technical indicators show a concerning picture, with the 1-hour RSI at 31, suggesting that ETC is in oversold territory. Meanwhile, the 7-day RSI at 49 indicates a neutral stance, but the 14-day and 30-day price changes of -11.27% and -9.88%, respectively, highlight a prolonged downtrend.

Despite a modest 7-day price change of 1.26%, the overall trend remains negative, especially when considering the significant drop from the all-time high of $167.09. Market sentiment appears to be cautious, and with key moving averages and RSI indicators pointing towards further downside risks, there is a lack of bullish signals at present.

Based on the current data and technical indicators, a Sell rating is warranted for Ethereum Classic. The combination of bearish moving averages, a low RSI indicating overselling, and a lack of significant upward momentum suggests that potential investors should avoid entering at this stage until more favorable conditions arise.