The technical analysis of ETC shows obvious bearish signals. The 4-hour chart and the 15-minute chart both form a death cross, with short-term and mid-term trends being suppressed by short positions. The key moving average system is all trending downwards, and the price is at risk of accelerating its fall at any time.

The current ETC price is 15.02, and technical indicators show that short positions are dominant. Each rebound may be a potential window for short selling.

The market data is also not optimistic: buying power is weaker than selling power, and the order book depth leans towards short positions. A negative funding rate means that long position holders are paying costs, and the overall long-short ratio and large holder position data show that short positions are continuously increasing. The willingness to actively buy is sluggish, and market sentiment is clearly bearish.

From the perspective of risk and return, the current technical and capital resonance indicates that the short positions have a relatively high winning rate. The trading strategy could consider shorting ETC, with a profit target set around 2.5%.

However, it is important to note: the cryptocurrency market is highly volatile, and any trading carries risks. Be sure to set stop-loss levels and strictly control position sizes to avoid excessive leverage. Technical analysis is not absolutely accurate, and the market can reverse at any time. Trade rationally and within your means.