Mantle Staked Ether (METH) is currently trading at $3,307.54, reflecting a modest 1.79% increase over the past 24 hours. The asset has shown volatility with a daily range of $187.37, hitting a high of $3,418.43 and a low of $3,231.06 within the same period.

Volume stands at 3,908,891, resulting in a volume-to-market cap ratio of 0.51%, indicating low trading activity relative to market capitalization. The short-term moving averages are mostly negative, with the 8 SMA at $3,337.11 down by 0.89%, and the 144 SMA showing a more significant decline of 3.26% at $3,419.17, suggesting downward pressure.

Momentum indicators reflect a bearish trend, with the 1-hour RSI at 40 and the 7-day RSI at 43, both indicating that METH is nearing oversold territory. Additionally, the asset has experienced significant price declines over various periods, with a 30-day change of -24.63%, highlighting a sustained bearish sentiment in the market.

Fundamentally, the asset's all-time high of $5,312.55 reached on August 24, 2025, remains distant, emphasizing the current underperformance. The recent price movements and RSI levels indicate the asset may require consolidation before establishing a new upward trajectory.

Given the current technical indicators, negative momentum, and the overall trend, a Hold rating is recommended for METH. Investors should monitor for signs of stabilization or reversal before considering a Buy position, as the asset appears to be in a corrective phase with a potential to bounce back in the longer term.