Renzo Restaked ETH (EZETH) is currently trading at $3,013.10, reflecting a significant 6.60% decrease over the last 24 hours. The price has experienced a daily range between $2,989.01 and $3,244.95, showcasing volatility with a daily range of 255.94%.

Trading volume stands at 261,291, which corresponds to a volume-to-market cap ratio of 0.04%. The downward pressure is further supported by the hourly moving averages, with the 8 SMA at $3,018.25 and the 55 SMA showing a decline of 4.74%, indicating a bearish trend in the short to medium term.

Technical indicators reveal an extremely low 1-hour RSI of 14, suggesting that EZETH is oversold in the very short term. Conversely, the 7-day RSI at 47 indicates a more neutral position, but the 14-day and 30-day price changes of -10.98% and -26.85% respectively signal ongoing weakness in the asset's performance.

With the all-time high of $5,227.06 reached on August 24, 2025, the current price represents a substantial retracement. This sharp decline, coupled with the negative price trends across various time frames, raises concerns about the asset's near-term recovery potential.

Given the current technical indicators, including oversold conditions in the short term but overall bearish momentum and declining moving averages, the recommendation for EZETH is to Hold. This strategy allows for potential stabilization and reassessment as the market conditions evolve.