Renzo Restaked ETH (EZETH) is currently priced at $3,047.82, reflecting a significant decline of 5.56% over the past 24 hours. The daily range shows considerable volatility, with a high of $3,246.99 and a low of $2,975.80, indicating market uncertainty.

The volume traded in the last 24 hours stands at 540,787, translating to a volume-to-market cap ratio of 0.06%. Moving averages indicate bearish momentum, with the 8-hour SMA at $3,027.53 showing a slight uptick of 0.67%, while the 144-hour SMA at $3,279.60 has decreased by 7.07%, reinforcing the downtrend.

The 1-hour RSI is at 33, suggesting that EZETH is approaching oversold territory, but it has not yet entered it. Meanwhile, the 7-day RSI at 45 indicates that the asset is still in a weak state, and the recent price changes over 7 days (-11.49%), 14 days (-13.25%), and 30 days (-25.90%) demonstrate a consistent downward trend.

With the all-time high of $5,227.06 reached on August 24, 2025, EZETH has significant potential for recovery; however, current technical indicators do not suggest an imminent reversal. Given the recent bearish momentum and high volatility, the outlook remains cautious.

Based on this analysis, the recommendation is to Hold EZETH. This approach allows investors to observe market conditions for a possible upward trend while avoiding losses in a currently unfavorable trading environment.