Renzo Restaked ETH (EZETH) is currently priced at $3,523.46, reflecting a 2.04% decrease over the last 24 hours. The daily range has been notably volatile, with a high of $3,609.73 and a low of $3,504.18, indicating a 105.55% range that suggests market indecision or external pressure influencing trading behavior.

The volume stands at 170,224 with a low volume-to-market cap ratio of 0.02%, indicating limited trading activity compared to its market cap. Technical indicators reveal a bearish short-term trend, with hourly moving averages (8 SMA, 13 SMA, 21 SMA, and 55 SMA) all showing negative changes, while the 144 SMA is positive, suggesting potential support at that level around $3,415.85.

The Relative Strength Index (RSI) readings provide further insight; the 1-hour RSI is at 41, indicating a near-neutral position, while the 7-day RSI at 57 reflects moderate bullish momentum. However, the price changes over various timeframes (7 days +6.81%, 14 days +8.40%, and 30 days +12.93%) indicate a positive trend in the medium to long term.

Despite the recent pullback, EZETH remains significantly below its all-time high of $5,227.06. This discrepancy, combined with recent upward price movements over longer periods, points to potential bullish sentiment if the market stabilizes and buying pressure increases.

Given the current technical indicators and market conditions, the recommendation for Renzo Restaked ETH (EZETH) is to Hold. The medium-term uptrend remains intact, but recent volatility and the immediate bearish signals suggest caution before committing to new positions.