Ethereum Classic (ETC) is currently priced at $13.79, reflecting a significant 24-hour decline of 6.23%. The daily trading range indicates minimal volatility, with the price fluctuating only 0.94% between the 24-hour high of $14.73 and the current low of $13.79.

Volume has reached approximately 64.99 million, representing 3.05% of the market cap, indicating a moderate level of trading activity. However, the downward trend is underscored by the hourly moving averages, which are all showing losses ranging from 3.61% to 7.05%, suggesting a bearish short-term outlook.

The 1-hour RSI at 28 indicates that ETC is currently oversold, which could suggest a potential for short-term rebounds. However, the 7-day RSI of 46 points towards a lack of strong momentum, further reinforcing a bearish sentiment in the mid-term.

Over the past week, ETC has experienced a price decrease of approximately 9.49%, with a 14-day change of -5.85% and a more significant decline of 13.62% over the past month. These figures point to a persistent downtrend, aligning with the broader market sentiment.

Given the significant distance from its all-time high of $167.09, the current price reflects a long-term bearish trend with no immediate catalysts for recovery. Considering the technical indicators, market sentiment, and recent price movements, a Hold rating is appropriate at this time to assess for potential stabilization before taking further action.