Renzo Restaked ETH (EZETH) is currently priced at $2876.58, reflecting a significant decline of 10.11% over the past 24 hours. The daily trading range has been notable, with a high of $3225.07 and a low of $2842.38, indicating high volatility and market uncertainty.

The volume of 709,381 contributes to a market cap volume ratio of 0.10%, suggesting relatively low trading activity compared to the market capitalization. Short-term moving averages show a bearish trend, with the 8 SMA at $3,010.62 and the 21 SMA at $3,075.54, both indicating continued downward pressure on price.

The RSI readings are concerning, with the 1-hour RSI at 33 indicating oversold conditions and potential for further downside. The 7-day RSI at 42 also supports the bearish sentiment, suggesting that the asset has lost significant momentum over the past week.

In terms of longer-term performance, EZETH has faced substantial declines, with a 7-day price change of -15.55%, a 14-day decline of -17.87%, and a steep 30-day drop of -29.37%. This consistent downturn, combined with the current technical indicators, paints a challenging picture for EZETH.

The all-time high for EZETH stands at $5227.06, reached on August 24, 2025, which underscores the potential for recovery in the future. However, given the current technical indicators, including the daily decline and negative momentum, a cautious approach is warranted.

Based on the analysis of the current price action, volume, moving averages, and RSI indicators, the recommendation for Renzo Restaked ETH (EZETH) is to Sell. The asset is in a clear downtrend, with no immediate signs of reversal, and potential for further declines in the near term.