Mantle Staked Ether (METH) is currently trading at $3,362.20, reflecting a 2.49% increase over the past 24 hours. The daily trading range has been significant, with a high of $3,397 and a low of $3,185.9, indicating a volatility level of 211.1%.

The volume traded in the last 24 hours stands at 3,237,599, contributing to a volume-to-market cap ratio of 0.44%. The hourly moving averages indicate positive momentum, with all key averages (8, 13, 21, 55, and 144 SMA) showing gains, particularly the 8 SMA at $3,274.62 (+2.67%).

Short-term momentum indicators support bullish sentiment, with the 1-hour RSI at 62, suggesting a near-term overbought condition. Meanwhile, the 7-day RSI at 57 indicates that the asset remains in a neutral zone, allowing for further upside potential.

The 7-day price change shows a modest increase of 2.73%, while the 14-day change is more robust at 10.19%. In contrast, the 30-day price change reveals a decline of approximately 9.95%, suggesting that while METH is currently recovering, it has faced downward pressure over the longer term.

The all-time high for METH was recorded at $5,312.55 on August 24, 2025, indicating that the asset still has significant upside potential if it can break through recent resistance levels. However, the current price is still approximately 36.6% below its all-time high, which presents a challenge for bulls in maintaining upward momentum.

Given the positive short-term momentum alongside decent volume and an improving price trend, the outlook for METH appears bullish. However, the longer-term downtrend indicated by the 30-day price change warrants caution.

Rating: Buy. The current bullish trend, supported by strong technical indicators and recovery from recent lows, suggests that entering a position now could yield favorable returns in the near term.