Ethereum Classic (ETC) is currently priced at $11.41, reflecting a 24-hour change of -1.54%. The daily range has been relatively narrow, with a high of $11.62 and a low of $11.40, indicating limited volatility in the short term.

The trading volume stands at approximately 45.3 million, contributing to a volume-to-market cap ratio of 2.55%. The moving averages reveal a bearish trend, with the 8 SMA at $11.49 down 0.70%, and the 55 SMA at $11.62 down 1.82%, suggesting continued downward pressure on the price.

The 1-hour RSI is notably low at 28, indicating oversold conditions, while the 7-day RSI at 46 suggests a neutral position, though it’s close to the oversold territory. Over the past week, ETC has experienced a price drop of approximately 10.42%, reflecting ongoing bearish sentiment.

Further analysis shows a 14-day price change of -9.12% and a 30-day change of -2.05%, reinforcing the negative trend over both short and medium-term horizons. The all-time high of $167.09 achieved in May 2021 highlights the significant depreciation of ETC, which could attract attention from long-term investors at current valuations.

Given the bearish indicators in both short-term moving averages and recent price changes, the market sentiment appears to be unfavorable. However, the oversold conditions indicated by the RSI may suggest a potential rebound.

Based on the technical analysis and current market conditions, a Hold rating is recommended for Ethereum Classic (ETC). This strategy allows investors to assess whether a rebound occurs from oversold levels while avoiding potential further declines in a bearish market.