Renzo Restaked ETH (EZETH) is currently priced at $3,151.97, reflecting a slight decrease of 1.03% over the past 24 hours. The daily trading range shows considerable volatility, with a high of $3,239.64 and a low of $3,115.28, suggesting a healthy level of market activity.

Volume stands at 237,489, equating to a volume-to-market cap ratio of 0.04%, which indicates relatively low trading activity compared to the overall market cap. The moving averages reveal a bearish trend, with the 8 SMA at $3,168.94 indicating a decline of 0.54%, and the longer-term 144 SMA at $3,374.37 reflecting a significant drop of 6.59%.

Momentum indicators are also pointing towards weakness; the 1-hour RSI is at 27, signaling oversold conditions, while the 7-day RSI of 40 suggests a lack of upward momentum. Price changes over multiple timeframes reinforce this trend, with the 7-day change at -10.80% and the 14-day change at -5.33%, indicating a short-term bearish sentiment.

The all-time high for EZETH was $5,227.06, recorded on August 24, 2025, highlighting a substantial gap from the current price level. Given the current indicators, including bearish moving averages and weak momentum, the market sentiment appears negative, suggesting a lack of immediate buying pressure.

In conclusion, the data points to a bearish outlook for Renzo Restaked ETH. Therefore, the recommendation is to Hold, as potential buyers may want to wait for a clearer signal of recovery or a reversal pattern before entering the market.