Renzo Restaked ETH (EZETH) is currently priced at $3,256.79, reflecting a significant decline of 5.14% over the last 24 hours. The daily trading range has been volatile, with a high of $3,446.31 and a low of $3,250.24, indicating a daily range fluctuation of 196.07%.

Trading volume stands at 774,398, translating to a low volume-to-market cap ratio of 0.12%, which suggests limited market interest at current price levels. The hourly moving averages indicate a downward trend, with the 8 SMA at $3,336.38 reflecting a decrease of 2.39%, while longer-term averages show even steeper declines, signaling persistent bearish sentiment.

The 1-hour RSI is at 16, indicating extreme oversold conditions, while the 7-day RSI at 39 suggests the asset is approaching oversold territory but not yet there. Price changes over varying time frames reflect a slight recovery over 30 days (+2.21%), but more immediate metrics show declines of -2.65% over the past week and -5.65% over the past 14 days, confirming short-term bearish pressure.

EZETH's all-time high of $5,227.06 was achieved on August 24, 2025, and the current price is roughly 37.7% lower than that peak. This significant gap indicates potential for recovery, but current trends suggest that a rebound may be contingent upon broader market recovery and improvements in trading volume.

Given the combination of extreme oversold conditions indicated by the RSI and significant recent price drops, a cautious Buy rating is warranted. Investors should look for signs of stabilization and volume increases before making larger commitments, as current conditions could present a buying opportunity if supported by market sentiment shifts.