Mantle Staked Ether (METH) is currently priced at $3,506.78, experiencing a slight decline of 1.51% over the past 24 hours. The daily trading range has been notably wide at 208.16%, with a 24-hour high of $3,717.99 and a low of $3,509.83, indicating volatility in the market.

The volume of METH traded over the last 24 hours stands at 7,263,069, translating to a relatively low Vol/Market Cap ratio of 0.95%. Technical indicators show a bearish sentiment, with the 8-hour SMA at $3,634.56 indicating a drop of 3.52%, while longer-term SMAs also reflect a downward trend, especially the 21-hour SMA at $3,608.10 with a decline of 2.81%.

The 1-hour RSI is currently at 38, suggesting that METH is approaching oversold conditions, while the 7-day RSI at 52 indicates a neutral momentum. Over the past week, METH has gained 1.32%, but the 30-day price change shows a significant decline of 9.39%, suggesting a longer-term bearish trend that cannot be ignored.

The all-time high for METH is $5,312.55, achieved on August 24, 2025, which provides a long-term resistance level. Given the current technical setup, including the bearish moving averages and the declining RSI, METH is facing significant headwinds in regaining upward momentum.

Considering the current price action, short-term volatility, and bearish indicators, the recommendation is to Hold METH at this time. While there is potential for a bounce given the oversold RSI condition, the longer-term trends indicate a need for caution before considering any new positions.