Ethereum Classic (ETC) is currently trading at $8.86, reflecting a 24-hour decline of 3.23%. The daily trading range has been relatively narrow, with a high of $9.23 and a low of $8.68, indicating limited volatility in the short term.

The volume stands at approximately 53.68 million, representing 3.89% of its market capitalization. This level of trading volume suggests a moderate interest among investors, although it is lower compared to higher volatility periods in the past.

Technical indicators reveal mixed signals; the 1-hour RSI is at 34, indicating potential oversold conditions. In contrast, the 7-day RSI at 51 suggests a neutral sentiment, while the longer-term 30-day price change shows a significant decline of 23.48%, highlighting a bearish trend over the past month.

Moving averages indicate a bearish short-term outlook, with the 8 SMA at $8.88 and the 13 SMA at $8.93 both trending downward. However, the 55 SMA at $8.76 and the 144 SMA at $8.71 are showing slight positive momentum, which may suggest a potential stabilization point if buying interest increases.

Despite the short-term bearishness, the 7-day price change of 7.42% indicates some recent recovery from lower levels, which could attract speculative buying. Nevertheless, the distance from the all-time high of $167.09 signifies that ETC remains significantly undervalued in a historical context, which could draw long-term investors.

Given the current market dynamics, the recommendation is to Hold. This rating is based on the mixed technical signals, moderate volume, and potential for a rebound if the price stabilizes above the critical support levels around $8.68. Investors should monitor for signs of upward momentum before making further commitments.