Renzo Restaked ETH (EZETH) is currently trading at $2,605.45, reflecting a significant decline of 9.67% over the past 24 hours. The price has fluctuated between a high of $2,885.53 and a low of $2,488.44 within the same period, indicating high volatility with a daily range of 397.09%.

Volume over the last 24 hours stands at 1,094,289, representing a volume-to-market cap ratio of 0.20%. The 1-hour RSI is critically low at 20, suggesting oversold conditions, while the 7-day RSI is at 39, indicating a bearish trend that has persisted over the past week with a price change of -17.07%.

Analyzing the moving averages, the 8 SMA shows a slight uptick of 0.96%, while the 13 SMA has declined by 1.85%. The longer-term moving averages, such as the 21 SMA at $2,732.32 and the 55 SMA at $2,856.53, reflect a more pronounced downtrend of -4.64% and -8.79%, respectively, indicating that the momentum remains bearish.

Fundamentally, EZETH is trading significantly below its all-time high of $5,227.06, reached on August 24, 2025. The continuing downward price action and the recent 14-day change of -26.46% highlight persistent selling pressure, making it challenging for the asset to regain bullish momentum in the short term.

Given the current market conditions, including the oversold RSI, the high volatility, and the continued bearish trend reflected in the moving averages, the recommendation is to Hold EZETH at this time. This rating is based on the potential for a short-term rebound due to oversold levels, but with the overarching trend remaining negative, a cautious approach is warranted.