Mantle Staked Ether (METH) is currently priced at $2,618.05, reflecting a significant 10.62% decline over the last 24 hours. The trading range during this period was between $2,555.22 and $2,943.26, indicating high volatility with a daily range of 388.04%.

Trading volume stands at 6,472,759, with a low volume-to-market cap ratio of 0.94%, suggesting limited market interest at the current price point. The short-term moving averages confirm bearish momentum, with the 8 SMA at $2,788.80 showing a decline of 6.12% from the current price, while the longer-term 144 SMA is at $3,102.27, down 15.61%.

The Relative Strength Index (RSI) readings further illustrate weakness; the 1-hour RSI is at a critical low of 15, indicating extreme oversold conditions. Meanwhile, the 7-day RSI at 41 reflects a bearish trend, with price changes over 7, 14, and 30 days showing consistent declines of 18.25%, 27.16%, and 18.87%, respectively.

METH's all-time high of $5,312.55, reached in August 2025, remains a significant benchmark but appears distant given the current market conditions. The continuous downtrend and bearish indicators suggest that the market sentiment is increasingly negative, with potential resistance levels much higher than the current price.

Considering the technical analysis and fundamental factors, the current selling pressure and oversold conditions indicate that it may be prudent to hold METH for the time being. While the extreme RSI could signal a potential bounce, the ongoing downward trend suggests a cautious approach rather than aggressive buying.

Overall, the recommendation is to Hold METH as the market seeks to stabilize, with a focus on observing price action for signs of recovery before considering any new positions.