Mantle Staked Ether (METH) is currently priced at $3,216.39, reflecting a significant 6.48% decline over the last 24 hours. The daily trading range has been notably wide, with a low of $3,183.82 and a high of $3,469.81, indicating volatility in the market.

The trading volume stands at 6,330,203, contributing to a low volume-to-market cap ratio of 0.85%. The hourly moving averages reveal a bearish trend, with the 8 SMA at $3,254.83 down 1.18% and the 144 SMA at $3,486.64 down 7.75%, indicating ongoing downward pressure on the asset.

The RSI metrics present a concerning picture, with a 1-hour RSI of 22 indicating oversold conditions and a 7-day RSI of 41 suggesting weak momentum. Furthermore, the 7-day price change of -16.19% and a 30-day change of -23.52% underline a consistent downward trajectory, reflecting investor sentiment that is currently negative.

METH’s all-time high of $5,312.55, reached on August 24, 2025, remains a distant target, highlighting the asset's significant depreciation from its peak. The continued decline in price and momentum indicators suggests that unless a reversal occurs, the current downtrend may persist in the short term.

Given the technical indicators pointing towards further weakness and the fundamental data suggesting a lack of bullish momentum, a Sell rating is warranted. Investors should consider exiting positions until more favorable conditions emerge.