Ethereum Classic (ETC) is currently trading at $8.75, reflecting a 24-hour change of -1.99%. The price has remained within a daily range of $8.68 to $9.07, indicating low volatility with a daily range of just 0.39%.

Volume stands at approximately 66.73 million, accounting for 4.90% of its market cap. The short-term moving averages indicate downward momentum, with the 8 SMA at $8.95 showing a decrease of 2.22%, while the longer 144 SMA at $8.70 shows a slight increase of 0.62%, suggesting mixed signals in the price trend.

The 1-hour RSI is at 40, signaling bearish momentum, while the 7-day RSI at 46 indicates the asset is nearing oversold conditions. Over the last 30 days, ETC has experienced a significant decline of over 24%, contrasting with a minor recovery of 5.22% over the past week, highlighting volatility in the short term.

Despite a historical all-time high of $167.09 in May 2021, the current price reflects a substantial depreciation, raising concerns about long-term viability. The recent price behavior, along with the declining volume and downward moving averages, suggests that the asset is under pressure and facing resistance.

Given the technical indicators and recent price performance, the recommendation for Ethereum Classic is to Hold. This strategy allows for potential recovery as the RSI approaches oversold levels, but caution is advised due to the prevailing downward trend and significant historical loss.