Ethereum Classic (ETC) has shown a modest increase of 3.28% against the US Dollar in the last 24 hours, trading at $18.50. Despite this short-term gain, the overall market sentiment remains bearish. The Fear & Greed index stands at 37, reflecting a pervasive sense of fear among investors.

Technical indicators also paint a grim picture, with 26 out of 31 indicators signaling a bearish forecast. Key support levels are identified at $17.60, $17.23, and $16.66, while resistance levels are at $18.53, $19.09, and $19.46.

The medium-term trend for ETC has been negative, showing a 9.32% decline over the past three months. Although the long-term outlook appears slightly better with an 18.12% gain over the past year, the current market conditions suggest caution.