Renzo Restaked ETH (EZETH) is currently priced at $3,431.10, reflecting a 2.96% decline over the past 24 hours. The daily trading range has been notably volatile, with a high of $3,595.07 and a low of $3,429.85, indicating a substantial daily range of 165.22%.

The trading volume stands at 501,552, which corresponds to a relatively low volume-to-market cap ratio of 0.07%. The short-term moving averages show a consistent downward trend, with the 8 SMA at $3,566.50 down 3.80% and the 13 SMA at $3,561.23 down 3.65%, indicating bearish sentiment in the immediate term.

The 1-hour RSI is at a low 24, suggesting that EZETH is significantly oversold, which could indicate a potential bounce-back. In contrast, the 7-day RSI of 53 indicates a more neutral position, reflecting recent price recovery over the past week with a change of approximately 3.41%.

Over the past 30 days, EZETH has shown a positive price change of 8.03%, demonstrating a longer-term upward momentum despite the recent downturn. However, the price remains significantly below its all-time high of $5,227.06, indicating that there is considerable room for recovery.

In conclusion, while the current price action shows short-term weakness, the oversold conditions reflected in the 1-hour RSI suggest a potential buying opportunity for traders looking for a rebound. Therefore, the recommendation is to Buy, as the longer-term indicators remain positive and could provide upside potential as market conditions stabilize.