Mantle Staked Ether (METH) is currently priced at $3,252.60, reflecting a 24-hour decline of 2.73%. The asset has experienced a significant daily range of 196.26%, with a high of $3,430.46 and a low of $3,234.20, indicating volatility in the short term.

The volume traded in the last 24 hours is 3,144,388, representing a volume-to-market cap ratio of 0.44%. The hourly moving averages show a bearish trend, with all short-term SMAs (8, 13, 21, 55) trading below the longer-term 144 SMA, which is currently at $3,448.25, indicating downward pressure.

The Relative Strength Index (RSI) values reveal weakening momentum, with a 1-hour RSI at 37, suggesting oversold conditions, and a 7-day RSI at 42, indicating a lack of upward momentum. The price change over the past week has been a decrease of 3.46%, while the 30-day change is also negative at -5.49%, reflecting a bearish trend in the medium term.

The all-time high for METH remains substantially higher at $5,312.55, which indicates potential upside if recovery occurs. However, with current price action and momentum indicators leaning bearish, the market sentiment appears cautious.

Given the technical indicators and price action, the recommendation for Mantle Staked Ether (METH) is a Hold. The asset shows potential for recovery given its oversold conditions, but the prevailing bearish trend necessitates a wait-and-see approach to assess further momentum before considering any new positions.