Renzo Restaked ETH (EZETH) is currently priced at $2,467.79, reflecting a 3.80% decline over the last 24 hours. The daily trading range of $189.05 indicates heightened volatility, with a high of $2,642.42 and a low of $2,453.37 during this period.

Volume stands at 925,424, representing a low trading activity relative to its market cap, as indicated by a volume-to-market cap ratio of just 0.18%. The significant drop in price over the past week (-21.03%), two weeks (-30.73%), and month (-25.94%) underscores bearish sentiment and selling pressure in the market.

From a technical perspective, the hourly moving averages reveal a clear downtrend, with the 8 SMA at $2,585.48 showing a 4.55% decline. Additionally, the 1-hour RSI at 32 suggests that the asset is nearing oversold territory, while the 7-day RSI at 36 confirms continued weakness in momentum.

The all-time high for EZETH remains at $5,227.06, reached on August 24, 2025, indicating substantial potential upside if the market conditions shift positively. However, the current price is well below the previous highs, highlighting the risk of further declines if the bearish trend continues.

In summary, the data indicates that EZETH is experiencing a strong downward momentum with significant losses over various timeframes. Given the current technical indicators, including the bearish moving averages and low RSI readings, a Sell rating is warranted, as further downside risk appears likely in the near term.