Ethereum Classic (ETC) is currently trading at $13.20, reflecting a 24-hour decline of 6.37%. The daily trading range shows a high of $14.10 and a low of $12.87, indicating a relatively tight range of 1.23%, which suggests reduced volatility in the short term.

Volume stands at approximately $135.6 million, translating to a volume/market cap ratio of 6.65%. This level of trading activity indicates moderate interest, although it is insufficient to reverse the current downtrend evidenced by the price action over the last week, which has seen a decline of 11.57%.

Technical indicators are revealing bearish trends as the 1-hour RSI sits at 35, signaling oversold conditions, while the 7-day RSI at 42 indicates weakening momentum. Moving averages further illustrate this trend, with the 8 SMA at $13.28 down 0.62%, and the 144 SMA at $14.51 down 9.00%, suggesting that the price is consistently below key resistance levels.

Moreover, the longer-term price changes reflect a worrying downward trajectory, with a 14-day decline of 19.12% and a 30-day drop of 15.25%. The inability to regain previous highs or break through critical resistance levels further reinforces the bearish sentiment surrounding ETC.

Given the current market conditions, including negative price momentum, bearish technical indicators, and resistance levels that have not been breached, a Sell rating is warranted. The combination of declining RSI levels and sustained losses over multiple time frames indicates that a further decrease in price is likely before any potential recovery.