Ethereum Classic (ETC) is currently trading at $10.51, reflecting a slight decline of 1.04% over the past 24 hours. The daily trading range has been narrow, with a high of $10.77 and a low of $10.48, indicating a lack of significant volatility in the short term.

The trading volume stands at approximately 64.6 million, which represents 3.96% of the market capitalization, suggesting moderate trading activity. The moving averages indicate bearish sentiment, with the 55 SMA at $10.93 showing a notable decline of 3.87%, while the longer-term 144 SMA sits at $11.22, down 6.31%.

Momentum indicators are also pointing toward weakness, with the 1-hour RSI at 42 and the 7-day RSI at 43, both suggesting that ETC is approaching oversold conditions. The asset has experienced a 7-day price change of -9.79% and a 14-day decline of nearly 17.87%, reflecting a sustained downward trend.

Fundamentally, ETC is far from its all-time high of $167.09 reached in May 2021, highlighting the significant loss of value over time. The price is currently trading well below the critical psychological levels, which may deter new buyers until a more favorable technical setup emerges.

Given the current data, the outlook for Ethereum Classic remains bearish in the short term, with declining moving averages and RSI readings indicating a lack of upward momentum. Therefore, the recommendation is to Hold, as potential short-term recovery is uncertain, but significant downside risk remains mitigated by current support levels near the recent low of $10.48.