Renzo Restaked ETH (EZETH) is currently trading at $3,440.66, reflecting a 3.50% decline over the past 24 hours. The daily price range indicates volatility, with a high of $3,595.07 and a low of $3,410.90, resulting in a substantial daily range of 184.17%.

The trading volume stands at 770,960 with a volume-to-market cap ratio of 0.11%, suggesting relatively low trading activity compared to its market capitalization. Short-term moving averages show mixed signals: the 8 SMA indicates a slight uptick of 0.33%, while the 21 SMA has decreased by 1.35%, suggesting bearish momentum in the intermediate term.

The 1-hour RSI is critically low at 21, indicating oversold conditions, while the 7-day RSI is at 51, reflecting a neutral position. Despite recent volatility, the 7-day price change is positive at 2.94%, and the 30-day price change shows a stronger bullish trend of 8.40%, suggesting potential recovery.

However, the recent price action, particularly the drop from the daily high, indicates immediate selling pressure and uncertainty in market sentiment. The all-time high for EZETH remains significantly above the current price, suggesting room for recovery if market conditions improve.

Given the mixed signals from the moving averages and the low RSI, a cautious approach is warranted. Therefore, the recommendation is to Hold, monitoring for potential bullish signals or confirmation of a trend reversal in the near term.