Ethereum Classic (ETC) is currently trading at $12.29, experiencing a slight decline of 0.95% over the last 24 hours. The daily trading range has been minimal at 0.24%, indicating a lack of volatility and market enthusiasm in the short term.

The trading volume stands at approximately 36.13 million, which represents 1.90% of its market cap, suggesting relatively low liquidity. The 1-hour RSI is positioned at 41, indicating potential bearish momentum, while the 7-day RSI at 46 suggests that ETC is nearing oversold conditions.

Moving averages indicate mixed signals; the 8 SMA at $12.30 is slightly down by 0.07%, while the 55 SMA at $12.24 shows an upward trend of 0.43%. The longer-term moving averages, however, reflect a consistent decline, with the 21 SMA at $12.35 showing a drop of 0.52%.

Fundamentally, the price has dropped over the past week by 5.63% and 6.77% over the past 14 days, indicating a bearish trend. The all-time high of $167.09 from May 2021 highlights the significant downside potential from the current price level, which suggests a long-term bearish sentiment.

Given the current technical indicators, the lack of bullish momentum, and the overall market trend, the recommendation for Ethereum Classic (ETC) is to Hold. This strategy allows investors to monitor for potential bullish reversals as the asset approaches oversold territory while avoiding losses in the current downtrend.