Renzo Restaked ETH (EZETH) is currently trading at $2,479.75, reflecting a 24-hour change of -5.87%. The daily trading range is notably wide at 232.57%, with a volume of 788,766, indicating some market activity but low relative volume at 0.15% of market cap.

The hourly moving averages show a bearish trend, with the 8 SMA at $2,468.09 reflecting a slight uptick, while longer-term averages, such as the 55 SMA at $2,679.46 and the 144 SMA at $2,947.24, indicate a more pronounced decline over time. The 1-hour RSI at 42 suggests that the asset is nearing oversold territory, while the 7-day RSI of 36 confirms bearish momentum.

In terms of price action, EZETH has experienced significant declines over various timeframes, with a 7-day change of -17.57%, a 14-day decline of -29.32%, and a 30-day drop of -25.60%. These trends indicate a lack of short-term bullish signals and a market sentiment leaning towards pessimism, especially in the face of its all-time high of $5,227.06 achieved in August 2025.

Given the combination of technical indicators pointing towards further downside risk, particularly the weak RSI readings and declining moving averages, the current price does not present a strong buying opportunity. Therefore, the recommendation for Renzo Restaked ETH (EZETH) is to Sell, as the price trajectory suggests potential for further losses in the near term.