Mantle Staked Ether (METH) is currently priced at $3,207.63, reflecting a 4.97% increase over the past 24 hours. The daily trading range has been significant, with a low of $2,994.73 and a high of $3,221.99, indicating strong volatility.

The volume of 3,961,280 suggests a moderate level of trading activity, with the volume-to-market cap ratio at 0.53%. The short-term moving averages indicate bullish momentum, with the 8 SMA at $3,057.65 and the 13 SMA at $3,059.36 both showing approximately 4.9% gains.

The 1-hour RSI stands at 73, indicating the asset is currently overbought in the short term. In contrast, the 7-day RSI is at 47, suggesting that momentum is neutral to bearish over a longer timeframe, with a notable 7-day price decline of 1.04%.

Over the past 14 days, METH has experienced a significant price drop of 15.87%, and the 30-day price change is even more pronounced at -24.62%. This longer-term downtrend, combined with the recent rally, highlights the potential for a corrective pullback.

METH's all-time high remains significantly higher at $5,312.55, achieved in August 2025, indicating substantial upside potential if market conditions improve. However, the current bearish pressure over longer periods cannot be ignored, as it may limit short-term gains.

Given the overbought condition on the 1-hour RSI and the bearish sentiment over the longer-term timeframes, the recommendation is to Hold METH at this moment. A consolidation or correction may occur before considering any bullish positions, especially given the substantial price declines observed over the last month.