Ethereum Classic (ETC) is currently trading at $13.88, reflecting a slight decline of 0.62% over the last 24 hours. The asset has experienced a daily range of 0.34%, with a high of $14.04 and a low of $13.70, indicating low volatility during this period.

Trading volume stands at approximately $48.69 million, corresponding to a market cap volume ratio of 2.28%. This relatively low volume suggests a lack of strong buying interest, which is further corroborated by the current 1-hour RSI of 38, indicating that the asset is approaching oversold conditions.

Short-term moving averages display mixed signals, with the 8-period SMA at $13.79 showing a positive trend of 0.64% and the 21-period SMA at $13.90 indicating a slight decline of 0.11%. The divergence in moving averages indicates indecision in the market, as the price has struggled to maintain momentum above the 55 SMA at $13.97.

The 7-day RSI of 54 suggests that ETC is neither overbought nor oversold in the short term, while the 14-day RSI indicates a bearish sentiment at 38. The 7-day price change of 6.20% highlights a recent recovery, yet the 14-day and 30-day price changes of -7.95% and -13.47% respectively show that longer-term trends remain downward.

Given that the all-time high of $167.09 was reached in May 2021, current levels indicate substantial downside potential. However, the recent short-term uptick and relatively stable support levels around $13.70 may suggest a floor for the current price.

In conclusion, the overall trend for Ethereum Classic remains bearish in the medium to long term, but short-term signals indicate potential for stabilization or slight recovery. Therefore, a Hold rating is warranted, as investors may wish to wait for clearer signals of upward momentum before considering a Buy.