Ethereum Classic (ETC) is currently priced at $10.67, showing a slight decline of 0.98% over the last 24 hours. The daily trading range has been relatively tight, with a high of $10.84 and a low of $10.48, reflecting a volatility of only 0.36%.

Trading volume stands at approximately 83.47 million, contributing to a volume-to-market cap ratio of 5.03%. Short-term moving averages indicate a mixed trend; the 8-period SMA shows a minor decline of 0.01%, while the 13-period SMA is up by 0.38%, suggesting indecision among traders.

The 1-hour Relative Strength Index (RSI) is neutral at 50, indicating a balanced market sentiment. However, the 7-day RSI at 43 reflects bearish momentum, suggesting that ETC may be oversold in the short term, while the 14-day change indicates a substantial drop of over 14%, highlighting a longer-term downtrend.

Recent price performance shows a decline of over 9% in the last week and approximately 7.66% over the last month. The historical all-time high of $167.09 from May 2021 underscores the significant depreciation ETC has experienced, raising concerns about its current valuation and potential recovery.

Given the technical indicators and the bearish sentiment reflected in both the RSI metrics and recent price changes, the outlook for ETC remains cautious. The current price position relative to key moving averages suggests resistance around $11.03 and $11.26, making upward momentum challenging without significant buying pressure.

In conclusion, the analysis indicates a Hold rating for Ethereum Classic. While the price is relatively stable in the short term, the overall downward trend and weak momentum suggest that investors should wait for a clearer bullish signal before considering additional positions.