Renzo Restaked ETH (EZETH) is currently trading at $3,349.29, reflecting a 5.08% increase over the past 24 hours. The daily trading range is notably wide at 166.99%, indicating high volatility and investor interest, with the price oscillating between a high of $3,354.51 and a low of $3,187.52.

The volume stands at 593,137, which represents 0.08% of the market cap, suggesting that while trading activity is moderate, it may not yet be indicative of strong market momentum. The short-term moving averages are trending positively, with the 8 SMA at $3,284.00 increasing by 1.99%, indicating bullish sentiment among traders.

The 1-hour RSI is at 83, which signals that EZETH is overbought in the short term, suggesting potential for a price correction. However, the 7-day RSI of 60 indicates that the asset remains in a healthy upward trend over a longer period, supported by a 7-day price change of 7.48%.

Over the past 14 days, the price has increased by 4.80%, while the 30-day change is marginal at 0.23%, highlighting a more recent shift in market dynamics. This contrast suggests that the current bullish momentum is gaining traction, and the asset is likely re-establishing itself after a prior period of stagnation.

The all-time high for EZETH stands at $5,227.06, reached on August 24, 2025, indicating significant upside potential if the current bullish trend continues. However, given the current overbought conditions, a cautious approach is warranted, as short-term traders might consider profit-taking.

Based on the data, I recommend a Hold rating. The bullish trend is evident, but the high RSI indicates potential overextension, which could lead to a short-term pullback. Holding allows for potential further gains while being prepared for any corrective moves in the market.