Ethereum Classic (ETC) is currently priced at $11.51, reflecting a 24-hour decline of 1.34%. The daily trading range has been minimal, with the price oscillating between a high of $11.71 and a low of $11.51, indicating a lack of volatility in the short term.

Trading volume stands at 28,691,167, with a volume-to-market cap ratio of 1.60%. This relatively low trading volume suggests limited market interest, which may contribute to the price stagnation seen in the last 24 hours.

Analyzing the hourly moving averages, the 8 SMA shows a price of $11.59, down 0.69%, while the longer-term averages reveal a consistent downward trend. Notably, the 144 SMA is at $11.72, indicating that the price is trading below this average, which generally signals bearish momentum.

The 1-hour RSI is extremely low at 21, indicating that ETC is in oversold territory in the short term. However, the 7-day RSI at 47 suggests that while there may be some bearish sentiment, it is not yet in the oversold range, indicating potential for price stabilization.

ETC has experienced a significant price decline over the past week, with a 7-day change of -10.03%. The 14-day and 30-day changes also reflect a consistent downward trend of -8.12% and -1.94%, respectively, which may influence trader sentiment negatively.

Given the lack of upward momentum, the current price below key moving averages, and the oversold condition indicated by the 1-hour RSI, the outlook for ETC remains weak. Therefore, the recommendation is to hold at this time, awaiting clearer signals of recovery or a reversal in price action.